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Trilogy International Partners

For other companies named Trilogy, see Trilogy (disambiguation) § Business.
Trilogy International Partners
IndustryTelecommunications
Founded2005; 19 years ago (2005)
Founder
Headquarters
Bellevue, Washington
,
USA
Key people
Websitehttp://www.trilogy-international.com/

Trilogy International Partners, LLC is an American wireless telecommunications company based in Bellevue, Washington. Listed on the Toronto Stock Exchange, it operates through its international partially-owned subsidiaries 2degrees in New Zealand[1] and Viva in Bolivia.

In March 2024, it was announced that SG Enterprises II, LLC had acquired an 80.1% stake in the company for approximately $5 million.[2][3]

History

Trilogy was founded in 2005 by John W. Stanton, an American wireless businessman, and several associates.[4] The founders previously managed Western Wireless, an American wireless operator, that merged with Alltel in 2005 for $6 billion.[5]

Comcel Haiti, their company in Haiti, was sold to Digicel group in March 2012.[6] In 2015, Trilogy's Dominican Republic operations, Trilogy Dominicana (now Viva), were sold to Telemicro Group, a local firm.[7]

In 2017, Trilogy listed on the Toronto Stock Exchange, through a take-over by a company on that exchange.[4] As part of this transaction, the company raised $270 million.[citation needed] The company was listed on the TSX until 2024 when it was taken private by SG Enterprises II.[8]

Business

Trilogy owns two wireless telecommunications companies, 2degrees in New Zealand and Nuevatel in Bolivia.[9]

2degrees is the third largest mobile provider in New Zealand, with 23% of the market as of 2017.[4] 2degrees also provides fixed-line phone and broadband services, although it has a small market share for these services. Trilogy has a 63% stake in 2degrees, with remaining owners including Tesbrit BV.[1]

Nuevatel is the third largest mobile provider in Bolivia, with a 24% market share as of 2017.[4] Trilogy has a 72% interest in the company, the remaining 28% percent belongs to local telephone cooperative COMTECO.[1][10] Nuevatel operates under the brand name Viva.

Both companies are being sold in 2022. While Trilogy will only receive a "nominal" amount for Nuevatel,[11] the company expects proceeds of NZD 930 million from the sale of its majority stake in 2degrees.[12]

References

  1. ^ a b c "Tesbrit gets greenlight to buy up to 49.9% of 2degrees". The National Business Review. 2017-07-31. Archived from the original on 2020-10-31. Retrieved 2018-02-16.
  2. ^ "Trilogy International Completes Acquisition Deal". TipRanks. Retrieved 2024-04-01.
  3. ^ "Trilogy International Partners Inc. and SG Enterprises II, LLC Announce Completion of Go-Private Transaction". Accesswire. Retrieved 2024-04-01.
  4. ^ a b c d "Telecom company Trilogy coming to Canada in Alignvest deal". The Globe and Mail. 2016-11-01. Retrieved 2018-02-16.
  5. ^ "Canadian company buys majority stake in Trilogy International". The Seattle Times. 2016-11-21. Retrieved 2018-02-16.
  6. ^ TeleGeography. "Digicel acquires Voila in Haiti". www.telegeography.com. Retrieved 2018-02-16.
  7. ^ TeleGeography. "Trilogy sells Viva in Dominican Republic". www.telegeography.com. Retrieved 2018-02-16.
  8. ^ "Trilogy International Partners Inc. and SG Enterprises II, LLC Announce Completion of Go-Private Transaction" (Press release). Accesswire. March 28, 2024.
  9. ^ "Pionero de la telefonía móvil sugiere preocuparse por el cliente". www.paginasiete.bo (in Spanish). Retrieved 2020-12-07.
  10. ^ "Empresa de Telecomunicaciones Nuevatel PCS de Bolivia S.A." asfi.gob.bo. Retrieved 2020-12-07.
  11. ^ "Trilogy International Partners Inc. Announces Bolivia Transaction". Trilogy International Partners. Retrieved 31 March 2022.
  12. ^ "Trilogy International Partners Inc. Announces Foreign Currency Contract". Trilogy International Partners. Retrieved 31 March 2022.
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