Exhibit 99.1
Trilogy International Partners Inc. Comments on Trading
Activity
BELLEVUE,
Wash., Oct. 6, 2021 -- Trilogy
International Partners Inc. (“TIP Inc.”) (TSX:
TRL), an international wireless and fixed broadband
telecommunications operator, is issuing this press release in
response to a request from the Investment Industry Regulatory
Organization of Canada (“IIROC”) to comment on the
recent trading activity of its stock.
TIP
Inc. has announced today that it has paused activity on an initial
public offering of the shares of Two Degrees Group Limited
(“TDGL”), its New Zealand subsidiary offering mobile
and broadband communications services, in order to consider a
possible alternative transaction with another party. TIP Inc.
expects to provide additional details in the next several days
regarding such a transaction or to resume activities with respect
to the initial public offering of TDGL shares.
About Trilogy 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. 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 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.
Cautionary Statements
No money is currently being sought and no shares or other financial
products in 2degrees can currently be applied for or acquired under
any offer or intended 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 be an
alternative to an initial public offering of TDGL shares. In some
cases, forward-looking information can be identified by the use of
forward-looking terminology such as “estimates”,
“plans”, “targets”, “expects”
or “does not expect”, “an opportunity
exists”, “outlook”, “prospects”,
“strategy”, “intends”,
“believes”, or variations of such words and phrases or
statements that certain actions, events or results
“may”, “could”, “would”,
“might”, “will”, “will be
taken”, “occur” or “be achieved”. In
addition, any statements that refer 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 for the
purpose of assisting readers in understanding management’s
current expectations and plans relating to the future. Readers are
cautioned that such information and statements may not be
appropriate for other purposes. Forward-looking information and
statements contained in this 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 completing a transaction that
would be an alternative to an initial public offering of TDGL
shares; general economic and industry growth rates; currency
exchange rates and interest rates; product pricing levels and
competitive intensity; income tax; subscriber growth; pricing,
usage, and churn rates; changes in government regulation;
technology deployment; availability of devices; timing of new
product launches; content and equipment costs;vendor and supplier
performance; the integration of acquisitions; industry structure
and stability; and data based on good faith estimates that are
derived from management’s knowledge of the industry and other
independent sources. Despite a careful process to prepare and
review the 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 TIP Inc.’s business 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. Among such risks and uncertainties are those that
relate to whether any potential transaction may occur; the effect
that a pause in preparations for an initial public offering of TDGL
shares may have on the timing or success of any such offering;
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 “conflict
minerals” and the effect thereof on availability of certain
products, including handsets; anti-corruption compliance; intense
competition; lack of control over network termination, roaming and
international long distance revenues; rapid technological change
and associated costs; reliance on equipment suppliers; subscriber
“churn” risks, including those associated with prepaid
accounts; the need to maintain distributor relationships; TIP
Inc.’s future growth being dependent on innovation and
development of new products; security threats and other material
disruptions to TIP Inc.’s wireless networks; the ability of
TIP Inc. to protect subscriber information and cybersecurity risks
generally; health risks associated with handsets; litigation,
including class actions and regulatory matters; fraud, including
device financing, customer credit card, subscription and dealer
fraud; reliance on limited management resources; risks associated
with the minority shareholders of TIP Inc.’s subsidiaries;
general economic risks; natural disasters including earthquakes;
foreign exchange and interest rate changes; currency controls;and
interest rate risk.
Although we have attempted to identify important risk factors that
could cause actual results to differ materially from those
contained in forward-looking information and statements in this
presentation, there may be other risk factors not presently known
to us or that we presently believe are not material 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 filings
available under TIP Inc.’s profile at www.sedar.com and at
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 made.
The forward-looking information and statements contained in this
presentation represent our expectations as of the date of this
presentation or the date indicated, regardless of the time of
delivery of the presentation. We disclaim any intention or
obligation or undertaking to update or revise any forward-looking
information or statements whether as a result of new information,
future events or otherwise, except as required under applicable
securities laws.
Investor Relations Contacts
|
Ann
Saxton
|
Erik
Mickels
|
| 425-458-5900 |
425-458-5900
|
|
Ann.Saxton@trilogy-international.com
|
Erik.Mickels@trilogy-international.com
|
|
Vice President,
Investor Relations & Corporate
Development
|
Senior Vice
President, Chief Financial Officer
|
Media Contact
Ann
Saxton
425-458-5900
Ann.Saxton@trilogy-international.com
Vice
President, Investor Relations & Corporate
Development