Mobile and Wireless

Trilogy increases stake in NZ operation

By ⋅ July 15, 2009 ⋅ Email This Post Email This Post ⋅ Post a comment

Trilogy International Partners (Trilogy), a US-based telecommunications holding company, has announced its intention to acquire an additional 26 per cent stake in 2degrees, a Greenfield mobile wireless operator in New Zealand, bringing Trilogy’s interest in the venture to 52 per cent.

Trilogy agreed to purchase the interest currently held by Hong Kong-based General Enterprise Management Services (GEMS) in exchange for approximately 8 per cent of Trilogy equity.

The company expects 2degrees to launch commercial service next month in the New Zealand telecommunications market.

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