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Trilogy International Partners Inc.

trilogy-international.com

No Longer Reporting

The company has not filed an annual or quarterly report since its Q3 FY2023 10-Q, filed Nov 13, 2023. Its latest SEC filing is a 15-12G from Mar 29, 2024.

The sections below describe the company as of the FY2022 annual report.

What Did They Do?

Winds up its affairs and has no operating business or source of income.

How Did They Make Money?

Before the operating sales, customers paid for wireless access and usage and fixed broadband service: wireless plans were billed monthly, while prepaid wireless and broadband were typically paid in advance. Consumer and business subscribers also bought devices, sometimes in installments.

FY2022 revenue

Who Were Their Customers?

Before the sales, the operating companies contracted with consumer and business wireless customers and residential and enterprise broadband subscribers.

Did Revenues Turn Into Profits?

Yes. Its net income in FY2022 was larger than its revenue, but spent more cash than it brought in: free cash flow was −$41M.

Operating income, FY2022
195% of revenue
▲ Now profitable vs FY2021 (−$119.9M, −18%)
Net income, FY2022
182% of revenue
▲ Now profitable vs FY2021 (−$144.7M, −22%)
Free cash flow, FY2022
−17% of revenue
▼ −7% (Loss) vs FY2021 (−$44.1M, −7%)

How Were They Changing?

Since the FY2022 annual report
Latest quarter: Q3 FY2023, the three months to Sep 30, 2023
Revenue
vs $0 in Q3 FY2022
Net income
▼ −88% (Loss)
vs −$5.4M in Q3 FY2022
  • Mar 28, 2024 SG acquired the remaining shares and took the company private Each non-excluded share converted into a right to receive $0.07 in cash, and the company became SG's wholly owned subsidiary.
  • Jul 6, 2023 The CFO resigned and the CEO assumed the CFO role

Sale of operating businesses The earlier report describes wireless and fixed broadband services in New Zealand and Bolivia; the latest says those operations were sold and the company has no operating business, leaving it to wind up its affairs.

Who Did They Compete With?

Competes with Vodafone and Spark

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