Trilogy International Partners
An American wireless telecommunications company and international operator of mobile businesses.
Last updated August 26, 2026
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History
Trilogy International Partners was founded in 2005 by John W. Stanton and several associates. The founders had previously been involved in managing Western Wireless, an American wireless telecommunications operator that merged with Alltel in 2005. Trilogy adopted an international investment model, concentrating on ownership and management interests in wireless businesses outside the United States. The company expanded its portfolio through telecommunications operations in the Caribbean, Latin America and the Pacific. In Haiti, Trilogy owned Comcel Haiti, which it sold to Digicel Group in March 2012. In the Dominican Republic, its operation Trilogy Dominicana was sold to Telemicro Group in 2015. The Dominican business later operated under the Viva name. These disposals demonstrated the company's practice of recycling capital from established or strategically less central markets. Trilogy's most important long-term assets became 2degrees in New Zealand and Nuevatel in Bolivia. Trilogy held 51% of 2degrees, alongside other investors including Tesbrit BV. 2degrees was described as New Zealand's third-largest mobile provider in 2017, with roughly 23% of the mobile market. In addition to mobile services, it offered fixed-line telephone and broadband products. Trilogy held 72% of Nuevatel, with the remaining 28% owned by the Bolivian telephone cooperative COMTECO. Nuevatel was described as Bolivia's third-largest mobile operator in 2017, with approximately 24% market share, and operated under the Viva brand. In 2017, Trilogy entered the public markets through a takeover by a company listed on the Toronto Stock Exchange. The transaction raised approximately $270 million and resulted in Trilogy being listed on the TSX. The listing provided access to public capital while the company continued to operate as an international telecommunications holding and investment business. Both major operating companies were sold in 2022. Trilogy anticipated receiving a nominal amount for Nuevatel, while the sale of its majority stake in 2degrees was expected to produce proceeds of approximately NZD 930 million. Following these transactions, the company's operating portfolio was substantially reduced. In March 2024, SG Enterprises II, LLC was reported to have acquired 80.1% of Trilogy for approximately $5 million. The transaction took the company private and ended its Toronto Stock Exchange listing. Available reference material does not clearly establish the company's post-transaction operating status or the identity of any continuing management team.
- 2024
Company taken private
[1]SG Enterprises II acquired an 80.1% stake in Trilogy, ending its public listing on the TSX.
- 2022
2degrees and Nuevatel are sold
[1]Trilogy sold its interests in its two principal operating companies in New Zealand and Bolivia.
- 2017
Toronto Stock Exchange listing
[1]Trilogy became listed on the TSX through a takeover transaction and raised approximately $270 million.
- 2015
Dominican Republic operation is divested
[1]Trilogy Dominicana was sold to Telemicro Group and later became associated with the Viva brand.
- 2012
Comcel Haiti is sold
[1]Trilogy divested its Haitian wireless business, Comcel Haiti, to Digicel Group.
- 2005
Trilogy International Partners is founded
[1]John W. Stanton and associates founded Trilogy after their involvement with Western Wireless, which merged with Alltel that year.
Products and positioning
An international telecommunications investment and operating company focused on mobile network businesses in selected overseas markets.
Mobile, fixed-line and broadband telecommunications
2degrees
2degrees was Trilogy's New Zealand operating company and offered mobile telecommunications together with fixed-line telephone and broadband services. It was described in 2017 as the country's third-largest mobile provider, with approximately 23% market share. Trilogy held a 51% interest, with other shareholders including Tesbrit BV. Trilogy sold its majority stake in 2022.
Mobile telecommunications
Viva
Viva was the operating brand of Nuevatel in Bolivia. Nuevatel was described as the country's third-largest mobile provider in 2017, with approximately 24% market share. Trilogy held a 72% interest, while Bolivian telephone cooperative COMTECO held the remaining 28%. Trilogy sold the business in 2022.
Brand decisions
2024
Take-private transaction with SG Enterprises IIM&ABackground
After divesting its principal operating businesses, Trilogy was acquired in a transaction that ended its public-market status.
Action taken
SG Enterprises II, LLC acquired an 80.1% stake in Trilogy for approximately $5 million.
Aftermath
Trilogy was taken private and ceased to be listed on the Toronto Stock Exchange. Its continuing corporate status is not clear from the available reference material.
Reported acquisition consideration. Approximately $5 million (March 2024 announcement)
2022
Divestment of 2degrees and NuevatelM&ABackground
Trilogy restructured its portfolio after years of owning wireless businesses in New Zealand and Bolivia.
Action taken
The company sold both principal operating companies, including its majority stake in 2degrees and its interest in Nuevatel.
Aftermath
Trilogy expected approximately NZD 930 million from the 2degrees sale and only a nominal amount from the Nuevatel transaction.
Expected proceeds from 2degrees sale. NZD 930 million (2022 sale)
2017
Public-market listing through a TSX transactionOtherBackground
Trilogy sought access to public capital while maintaining an international telecommunications portfolio.
Action taken
The company became listed on the Toronto Stock Exchange through a takeover involving a TSX-listed company and raised approximately $270 million.
Aftermath
Trilogy remained publicly listed until it was taken private in 2024.
Capital raised. $270 million (2017 transaction)
Recent events
Trilogy announces sale of 2degrees to Voyage Digital[2]
Trilogy International Partners and minority partner Tesbrit announced a definitive agreement to sell all their equity in 2degrees to Voyage Digital. The transaction is subject to regulatory and shareholder approvals, and Trilogy anticipated closing in the first half of 2022.
Trilogy International Partners solicits consent for proposed US$50 million notes issuance[3]
Reported:
Trilogy International Partners announced that its subsidiaries were soliciting debtholder consent for a proposed US$50 million senior secured notes issuance by TISP. The issuance remained subject to completion of the consent solicitation, TSX approval, and other conditions.
Sources3 sources
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