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Trilogy International unloads interest in Bolivia-based Nuevatel to Balesia Technologies

Trilogy International unloads interest in Bolivia-based Nuevatel to Balesia Technologies

Trilogy International Partners Inc. announced it has entered into an agreement to transfer, for nominal consideration, its 71.5% equity interest in Nuevatel (PCS de Bolivia) S.A. to Balesia Technologies, Inc.

Balesia Technologies is a member of the Balesia Group of Companies, which collectively develop, own and operate wireless networks, IoT edge and multi-edge computing technologies, and supporting infrastructure across Latin America.

The transaction is subject to customary closing conditions, and Trilogy anticipates that the closing will take place in the second quarter of 2022.

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