Trilogy agrees to offload NuevaTel to Balesia Technologies

30 Mar 2022

Trilogy International Partners has entered into an agreement to transfer its 71.5% equity interest in Bolivian mobile operator Nuevatel PCS (Viva) to Balesia Technologies, a member of the Balesia Group, for a ‘nominal consideration’. Balesia and its subsidiaries collectively develop, own and operate wireless networks, IoT Edge and Multi-Edge computing technologies and supporting infrastructure across Latin America. The transaction is subject to customary closing conditions and Trilogy anticipates that the closing will take place in the second quarter of 2022.

TeleGeography notes that Trilogy International Partners was formed by wireless industry veterans John Stanton, Theresa Gillespie and Brad Horwitz back in 2005 and the company went on to purchase Bolivian and Haitian assets from Alltel later that year. In 2007 Trilogy acquired distressed operator Centennial in the Dominican Republic, and in 2009 the company acquired a stake in 2degrees, a greenfield operation in New Zealand. 2012 saw Haiti-based Voila offloaded to Digicel Group for USD97 million, and in 2015 the Dominican Republic unit was sold for USD70 million.

2degrees is also subject to a pending purchase agreement which is expected to close in the second quarter of 2022. The founders have yet to confirm their future plans, or whether the dual sale marks the end of their lengthy association with the international telecoms sector.

Bolivia, NuevaTel PCS (Viva), Trilogy International Partners