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Trilogy International Partners Inc. (TIP Inc.) is the parent company of Trilogy International Partners LLC, a wireless telecommunications operator founded by industry pioneers John Stanton, Theresa Gillespie, and Brad Horwitz. With a successful track record in 15 international markets, including establishing major US wireless operators, Trilogy currently operates 2degrees in New Zealand and Nuevatel (dba Viva) in Bolivia. Their recent financial results and operating activities demonstrate their commitment to transforming the telecommunications market.
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Trilogy International Partners Inc. announces acquisition by SG Enterprises II, The acquisition involves a cash consideration of US$0.07 per Common Share, totaling US$5,020,332.10. The Common Shares are expected to be delisted from the TSX Venture Exchange on April 1, 2024.
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Trilogy International Partners Inc. announces shareholder approval for acquisition by SG Enterprises II, Shareholders voted overwhelmingly in favor of the plan of arrangement, with 99.997% approving the resolution. Under the terms, shareholders will receive US$0.07 per common share. The completion of the acquisition is subject to court approval and other customary conditions.
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Trilogy International Partners Inc. (TIP Inc.) (TSXV:TRL.H) has entered into an arrangement agreement with SG Enterprises II, LLC to acquire all outstanding common shares not already owned by SG. Shareholders will receive US$0.07 per common share in cash. The transaction aims to maximize the remaining cash available for distribution to shareholders as the company continues with its plan of liquidation adopted on June 10, 2022.
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Trilogy International Partners Inc. (TIP Inc.) (TSXV:TRL.H) receives a non-binding letter of intent from SG Enterprises II, LLC proposing to acquire all outstanding common shares for US$0.001 per share in cash, potentially subject to a distribution to shareholders of US$0.065 per share. The Potential Transaction is expected to be carried out through a court-approved plan of arrangement under the Business Corporations Act (British Columbia) and is contingent upon various approvals. SG currently owns approximately 19.1% of the issued and outstanding Common Shares.
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Trilogy International Partners Inc. (TSXV:TRL.H) announced its financial and operating results for Q3 2023. The company had $9.3 million in cash, completed a distribution of $27.5 million to shareholders, and reduced corporate operating costs by 69%. Andrew M. Davies was appointed to the board to evaluate an expression of interest to acquire all issued and outstanding common shares.
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Trilogy International Partners Inc. (TIP Inc.) announced its financial and operating results for Q2 2023. The company received approximately $22 million NZD from the escrow established in connection with the sale of its New Zealand subsidiary. Cash and cash equivalents totaled $30.3 million as of June 30, 2023. The company completed the second distribution to shareholders in a total of $27.5 million CAD, leaving a remaining cash balance of approximately $9 million as of July 31, 2023. Corporate operating costs in Q2 2023 decreased by 59% compared to the same period in 2022. The company expects corporate costs to continue to decline in the second half of 2023.
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Trilogy International Partners Inc. (TSXV:TRL.H) has declared a return of capital distribution of C$27.5 million (US$21 million), or C$0.31 per common share, as part of its winding up and reorganization. The distribution is scheduled to be paid on July 28, 2023, to shareholders of record as of July 19, 2023. The company will hold approximately US$8 million as a reserve for expenses until May 2028, after which remaining assets will be distributed to shareholders and the company will dissolve. Erik Mickels, the CFO, is departing effective July 31, 2023, and Brad Horwitz, the CEO, will assume the role of CFO.
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FAQ
What is the market cap of Trilogy International Partners (TLLYF)?
The market cap of Trilogy International Partners (TLLYF) is approximately 5.8M.
Who are the founders of Trilogy International Partners LLC?
Trilogy International Partners LLC was founded by John Stanton, Theresa Gillespie, and Brad Horwitz.
What are the core business operations of Trilogy International Partners Inc.?
Trilogy International Partners Inc. is focused on wireless telecommunications services through its subsidiaries in New Zealand and Bolivia.
Where is the head office of Trilogy International Partners Inc. located?
Trilogy International Partners Inc.'s head office is located at 155 108th Avenue NE, Suite 400, Bellevue, Washington, 98004 USA.
What subsidiaries does Trilogy International Partners Inc. operate in New Zealand?
Trilogy International Partners Inc. operates 2degrees as a wireless communications service in New Zealand.
What is the significance of the recent financial and operating results of Trilogy International Partners Inc.?
The recent financial results and operating activities demonstrate Trilogy International Partners Inc.'s commitment to transforming the telecommunications market.
Trilogy International Partners Inc.