Industry | Telecommunications |
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Founded | 2005 |
Founder |
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Headquarters | , |
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Website | http://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 billion. [2] [3]
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]
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]