Comments from Trilogy International Partners Inc. on the trading activity
BELLEVUE, WA / ACCESSWIRE / October 6, 2021 / Trilogy International Partners Inc. (âTIP Inc.â) (TSX: TRL), an international wireless and fixed broadband telecommunications operator, is issuing this press release in response to a request by the Investment Industry Regulatory Organization of Canada (â IIROC â) to comment on recent trading activity in its stocks.
TIP Inc. today announced that it has suspended operations on an initial public offering of the shares of Two Degrees Group Limited (âTDGLâ), its New Zealand subsidiary offering mobile and broadband communications services, in order to to consider a possible alternative transaction with another party. TIP Inc. expects to provide further details in the coming days regarding any such transaction or resume operations with respect to the initial public offering of TDGL shares.
OnTrilogy International Partners Inc.
TIP Inc., the parent company of Trilogy International Partners LLC (“Trilogy”), a wireless and fixed broadband telecommunications operator formed by wireless industry veterans John Stanton, Theresa Gillespie and Brad Horwitz. The founders of Trilogy have exceptional experience in buying, building, launching and operating communications companies in 15 international markets and the United States.
Trilogy currently provides wireless 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.
For more information, visit www.trilogy-international.com.
No money is currently being sought and no shares or other financial product of 2degrees can currently be requested or acquired under any offer or contemplated offer. If an offer of 2degrees shares or other financial products is made, the offer will be made in accordance with the Financial Markets Conduct Act 2013 (New Zealand) and the securities laws of all other applicable jurisdictions.
This press release contains “forward-looking information” within the meaning of applicable securities laws in Canada and “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 of the United States of America. Forward-looking information and forward-looking statements include, but are not limited to, statements regarding a potential transaction that would constitute an alternative to an initial public offering of TDGL shares. In certain cases, forward-looking information may be identified by the use of forward-looking terminology such as âestimatesâ, âplansâ, âobjectivesâ, âexpectsâ or âdoes not expectâ, âan opportunity exists “,” outlook “,” outlook “,” strategy “,” intend “,” believe “, or variations of such words and phrases or statements that certain actions, events or results” might “,” could â,â could â,â could â,â will be â,â will be taken â,â will occur âorâ will be achieved. âIn addition, any statement referring to expectations, intentions, estimates, projections or other characterizations of future events or circumstances contain forward-looking information and statements.
Forward-looking information and statements are provided to help readers understand management’s current expectations and plans for the future. Readers are cautioned that this information and statements may not be appropriate for other purposes. The forward-looking information and statements contained in this press release are based on assumptions in light of our experience and expected future developments, as well as other factors that we currently believe are appropriate and reasonable in the circumstances. These assumptions include, but are not limited to: the possibility of entering into a transaction that would be an alternative to an initial public offering of TDGL shares; general growth rate of the economy and industry; exchange rate and interest rate; product price levels and the intensity of competition; income tax; growth in the number of subscribers; pricing, usage and churn rates; changes in government regulations; technological deployment; availability of devices; the timing of new product launches; content and equipment costs; performance of vendors and suppliers; integration of acquisitions; structure and stability of the industry; and data based on good faith estimates that are derived from knowledge of the industry by management and other independent sources. Despite a careful process of preparing and reviewing forward-looking information and statements, there can be no assurance that the underlying opinions, estimates and assumptions will prove to be correct.
Numerous risks and uncertainties, some of which may be unknown, relating to the activities of TIP Inc. could cause actual events and results to differ materially from the estimates, beliefs and assumptions expressed or implied in the forward-looking information and statements. These risks and uncertainties include those relating to the possibility of a potential transaction taking place; the effect that a pause in preparations for an initial public offering of TDGL shares might have on the timing or success of such an offer; the risks associated with any potential acquisition, investment or merger; the need for spectrum access; the regulated nature of the industry in which TIP Inc. participates; the use of âconflict mineralsâ and its effect on the availability of certain products, including combinations; anti-corruption compliance; intense competition; lack of control over network termination, roaming and international toll revenues; rapid technological change and associated costs; dependence on equipment suppliers; the risks of “unsubscribe” subscribers, including those associated with prepaid accounts; the need to maintain relationships with distributors; The future growth of TIP Inc. depends on innovation and new product development; security threats and other physical disruption to TIP Inc’s wireless networks; the ability of TIP Inc. to protect subscriber information and cybersecurity risks in general; the health risks associated with handsets; litigation, including class actions and regulatory matters; fraud, including device financing, customer credit card, subscription and dealer fraud; dependence on limited management resources; risks associated with minority shareholders of subsidiaries of TIP Inc .; general economic risks; natural disasters, including earthquakes; changes in exchange and interest rates; currency controls; and interest rate risk.
Although we have attempted to identify material risk factors that could cause actual results to differ materially from those contained in the forward-looking information and statements in this presentation, there may be other risk factors beyond our knowledge. not currently or which we currently believe to be insignificant. that could also cause actual results or future events to differ materially from those expressed in such forward-looking information in this presentation. Please see our continuous disclosure documents available under TIP Inc.’s profile at www.sedar.com and to www.sec.gov for information on the risks and uncertainties associated with our business.
Readers should not place undue reliance on forward-looking information and statements, which speak only as of the date of publication. The forward-looking information and statements contained in this presentation represent our expectations as of the date of this presentation or as of the date indicated, regardless of the time of delivery of the presentation. We disclaim any intention or obligation or commitment to update or revise any forward-looking information or statement, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. .
Investor Relations Contacts
Vice-President, Investor Relations and Corporate Development
Senior Vice-President, Chief Financial Officer
Vice-President, Investor Relations and Corporate Development
THE SOURCE: Trilogy International Partners Inc.
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