
Phoenix Tower acquires 600 towers from Trilogy Bolivia for US$100mn
By Trilogy International Partners
Trilogy International Partners Inc. ("TIP Inc.") (TSX: TRL), an international wireless and fixed broadband telecommunications operator, today announced that its Bolivian subsidiary, NuevaTel, has entered into a definitive agreement to sell approximately 600 of NuevaTel's towers to a Bolivian subsidiary of Phoenix Tower International ("PTI"). As a result of the transaction, NuevaTel anticipates that it will receive approximately US$100 million in cash.
Additionally, the two companies have entered into a multi-year agreement whereby PTI will provide NuevaTel with access to certain wireless communication towers to support NuevaTel's wireless network and rollout plans.
The transaction will close in stages after all conditions to closing have been satisfied. The first closings are expected to take place in mid-February and are expected to include approximately 400 towers and result in cash consideration to NuevaTel of approximately US$65 million.
"We are pleased with this transaction which enhances our capital efficiency while aligning with strong partners at PTI. We continue to look at a number of strategic and operational alternatives in Bolivia and will remain opportunistic as it relates to maximizing shareholder value," said Brad Horwitz, President and CEO of Trilogy.
Trilogy International Partners was represented in the transaction by Lape Mansfield Nakasian and Gibson, LLC. PTI was represented by Choate Hall & Stewart LLP.
About Trilogy International Partners Inc. ("TIP Inc.")
Trilogy International Partners Inc. (TSX: TRL) is the parent company of Trilogy International Partners LLC, a wireless and fixed broadband telecommunications operator formed by wireless industry veterans John Stanton, Theresa Gillespie and Brad Horwitz. Trilogy's founders have an exceptional track record of successfully buying, building, launching and operating communication businesses in 15 international markets and the United States.
Trilogy currently provides wireless and fixed broadband communications services through its operating subsidiaries in New Zealand and Bolivia. Its head office is located at 155 108th Avenue NE, Suite 400, Bellevue, Washington, 98004 USA.
Subscribe to the most trusted business intelligence platform in Latin America. Let us show you our solutions for Suppliers, Contractors, Operators, Government, Legal, Financial and Insurance.
News in: ICT (Bolivia)

Millicom on the prowl for investors in its infra and financial services assets
The telco is making progress in the spinning off of assets such as towers and financial services.

What Finland's Valmet expects for South America mining in 2022
Among new investments, the company is developing a laboratory for its filtration solution next to the service center it maintains in Concepción, Ch...
Subscribe to Latin America’s most trusted business intelligence platform.
Other projects in: ICT
Get critical information about thousands of ICT projects in Latin America: what stages they're in, capex, related companies, contacts and more.
- Project: Fiber Optic communications installation - Third phase (IFO III)
- Current stage:
- Updated:
9 months ago
- Project: Sumaré Data Center Expansion 5
- Current stage:
- Updated:
9 months ago
- Project: Sumaré Data Center Expansion 3
- Current stage:
- Updated:
9 months ago
- Project: Sumaré Data Center Expansion 4
- Current stage:
- Updated:
10 months ago
- Project: Espírito Santo fiber optic network (ES-Digital)
- Current stage:
- Updated:
10 months ago
- Project: Austral fiber optic (FOA)
- Current stage:
- Updated:
11 months ago
- Project: Broadband Installation for Integral Connectivity and Social Development of the La Libertad Region
- Current stage:
- Updated:
12 months ago
- Project: SP4 Data Center
- Current stage:
- Updated:
12 months ago
- Project: FON project (five of the six macrozones)
- Current stage:
- Updated:
1 year ago
- Project: Cable Submarino Caribbean Express (CX)
- Current stage:
- Updated:
1 year ago
Other companies in: ICT
Get critical information about thousands of ICT companies in Latin America: their projects, contacts, shareholders, related news and more.
- Company: Ufinet Latam S.L.  (Ufinet)
-
The description included in this profile was taken directly from an official source and has not been modified or edited by the BNamericas’ researchers. However, it may have been...
- Company: Skynet de Colombia S.A. E.S.P.  (SkyNet de Colombia)
-
The description contained in this profile was taken directly from an official source and has not been edited or modified by BNamericas researchers, but may have been automatical...
- Company: DCBM
- Company: AP Geradores
- Company: EBM Engenharia
- Company: Honeywell Perú, S.A.  (Honeywell Perú)
-
Honeywell Perú S.A., a local subsidiary of US-based Honeywell International Inc., started operations in the country in 1998. The firm has an office in Lima which opened in 2008 ...
- Company: Innovação Engenharia Ltda.
- Company: Altán Redes S.A.P.I. de C.V.  (Altán Redes)
-
Altán Redes, whose headquarters are located in the City of Mexico, is an international consortium created in 2016 to design, operate and maintain the Mexican telecommunication p...
- Company: Alignet S.A.C.  (Alignet)
-
Alignet is a Peruvian specialized company offering technology and security solutions for the payment industry and e-commerce sector. The company developed the EMV 3D Secure prot...
- Company: Entel PCS Telecomunicaciones S.A.  (Entel PCS)
-
Entel PCS Telecomunicaciones (Entel PCS), a subsidiary of Chilean telco Entel, provides mobile communications service throughout the country. The firm has a 38% mobile subscribe...