Trilogy International Partners, which owns telecoms assets in New Zealand (2degrees) and Bolivia (Viva), has reported total revenues of USD157.5 million for the three months ended 30 September 2021, up 2% on an annualised basis, from USD153.7 million. Adjusted EBITDA for the quarter dipped 8%, to USD25.8 million, with the group reporting a net loss of USD127.7 million for the three months under review, compared to a deficit of USD23.0 million in 3Q20.
In operational terms, 2degrees reported a total of 1.456 million mobile customers, alongside 145,700 fixed broadband users. Viva, meanwhile, claimed 1.677 million wireless customers.
President and CEO Brad Horwitz noted: ‘The Bolivian operating environment continues to be negatively impacted by COVID-19. While subscriber mobility in the country has increased, resulting in a modest sequential improvement in some of our operating metrics, we have not seen the rebound we had hoped. We determined that recording an impairment charge to our long-lived assets in Bolivia was appropriate at this time.’