TechFlash | December 29, 2010 | John Cook
Trilogy International Partners, aBellevue company which operates wireless networks in Bolivia, Haiti, the Dominican Republic and New Zealand, has raised $44 million in equity financing, according to a SEC filing. It is unclear how the funds will be used, and we’ve reached out to representatives of the company for comment.
The filing indicates that Trilogy International could raise up to $72.5 million.
Founded in November 2005 by wireless veterans John Stanton, Theresa Gillespie, and Brad Horwitz, Trilogy currently holds licenses to provide wireless service to over 33 million people. Stanton, who serves as chairman of Trilogy International, is a venture capitalist who previously served as CEO of VoiceStream Wireless (now T-Mobile USA). He was also an early McCaw Cellular executive, and now runs the Bellevue venture capital firm Trilogy Equity Partners.
Horwitz is a former Western Wireless executive, previously running that company’s international operations.
Trilogy International has been investing heavily in Haiti through its Voila subsidiary, following the January 12, 2009 earthquake. In fact, the company is pushing hard to create a “copper-free” Haiti in which the poverty-stricken nation invests in new wireless technologies.
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