Trilogy International Partners (TLLYF) 10-Q 13 Nov 23 2023 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2023	Nov. 13, 2023
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2023
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q3
Document Transition Report	false
Entity File Number	000-55716
Entity Registrant Name	Trilogy International Partners Inc.
Entity Central Index Key	0001689382
Entity Incorporation, State or Country Code	A1
Entity Tax Identification Number	98-1361786
Entity Address, Address Line One	155 108th Avenue NE
Entity Address, Address Line Two	Suite 400
Entity Address, City or Town	Bellevue
Entity Address, State or Province	WA
Entity Address, Postal Zip Code	98004
City Area Code	425
Local Phone Number	458-5900
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	true
Entity Common Stock, Shares Outstanding		88,627,593

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 9,308	$ 25,067
Sale proceeds held in escrow	0	14,115
Prepaid expenses and other current assets	260	573
Total current assets	9,568	39,755
Property and equipment, net	9	12
Other assets	1,164	1,403
Total assets	10,741	41,170
Current liabilities:
Accounts payable	10	49
Other current liabilities and accrued expenses	881	7,317
Total current liabilities	891	7,366
Non-current liabilities	217	348
Total liabilities	1,108	7,714
Commitments and contingencies
Shareholders' equity:
Common shares, no par value, and additional paid-in capital; unlimited authorized, 88,627,593 and 88,627,593 shares issued and outstanding	0	0
Accumulated earnings	9,633	33,456
Total shareholders' equity	9,633	33,456
Total liabilities and shareholders' equity	$ 10,741	$ 41,170

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Sep. 30, 2023	Dec. 31, 2022
Shareholders' equity:
Common stock, no par value (in dollars per share)	$ 0	$ 0
Common stock, shares issued (in shares)	88,627,593	88,627,593
Common stock, shares outstanding (in shares)	88,627,593	88,627,593

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations and Comprehensive (Loss) Income - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Revenues
Revenues	$ 0	$ 0	$ 0	$ 238,517
Operating expenses (income)
Cost of service, exclusive of depreciation, amortization and accretion shown separately	0	0	0	81,045
Cost of equipment sales	0	0	0	39,157
Sales and marketing	0	0	0	30,800
General and administrative	742	3,407	4,010	60,367
Depreciation, amortization and accretion	0	1	2	18,417
Loss (gain) on sale of operations and disposal of assets	0	0	11	(457,590)
Total operating expenses (income)	742	3,408	4,023	(227,804)
Operating (loss) income	(742)	(3,408)	(4,023)	466,321
Other income (expenses)
Interest expense	0	0	0	(22,887)
Change in fair value of warrant liability	0	0	0	105
Debt extinguishment costs	0	0	0	(8,527)
Other, net	97	(2,018)	594	13,607
Total other income (expenses)	97	(2,018)	594	(17,702)
(Loss) income before income taxes	(645)	(5,426)	(3,429)	448,619
Income tax expense	(1)	0	(70)	(11,337)
Net (loss) income	(646)	(5,426)	(3,499)	437,282
Less: Net income attributable to noncontrolling interests	0	0	0	(3,578)
Net (loss) income attributable to Trilogy International Partners Inc.	(646)	(5,426)	(3,499)	433,704
Comprehensive (loss) income
Net (loss) income	(646)	(5,426)	(3,499)	437,282
Other comprehensive income (loss):
Foreign currency translation adjustments	0	0	0	(13,197)
Net income on short-term investments	0	56	0	56
Other comprehensive income (loss)	0	56	0	(13,141)
Comprehensive (loss) income	(646)	(5,370)	(3,499)	424,141
Comprehensive income attributable to noncontrolling interests	0	0	0	(59)
Comprehensive (loss) income attributable to Trilogy International Partners Inc.	$ (646)	$ (5,370)	$ (3,499)	$ 424,082
Net (loss) income attributable to Trilogy International Partners Inc. per share:
Basic (see Note 9 - Earnings per Share) (in dollars per share)	$ (0.01)	$ (0.06)	$ (0.04)	$ 4.95
Diluted (see Note 9 - Earnings per Share) (in dollars per share)	$ (0.01)	$ (0.06)	$ (0.04)	$ 4.91
Weighted average common shares:
Basic (in shares)	88,627,593	88,627,603	88,627,593	87,580,236
Diluted (in shares)	88,627,593	88,627,603	88,627,593	88,314,955
Wireless service revenues [Member]
Revenues
Revenues	$ 0	$ 0	$ 0	$ 154,752
Fixed broadband service revenues [Member]
Revenues
Revenues	0	0	0	42,498
Equipment sales [Member]
Revenues
Revenues	0	0	0	38,096
Non-subscriber international long distance and other revenues [Member]
Revenues
Revenues	$ 0	$ 0	$ 0	$ 3,171

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Changes in Shareholders' Equity (Deficit) - USD ($) $ in Thousands	Common Shares [Member]	Additional Paid-in Capital [Member]	Accumulated (Deficit) Earnings [Member]	Accumulated Other Comprehensive Income [Member]	Noncontrolling Interests [Member]	Total
Beginning balance at Dec. 31, 2021	$ 0	$ 486	$ (288,235)	$ 6,860	$ 34,855	$ (246,034)
Beginning balance (in shares) at Dec. 31, 2021	86,461,484
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Equity-based compensation	$ 0	3,485	0	0	87	3,572
Net (loss) income	0	0	433,704	0	3,578	437,282
Other comprehensive income (loss)	0	0	0	(9,622)	(3,519)	(13,141)
Forfeiture of shares	$ 0	0	0	0	0	0
Forfeiture of shares (in shares)	(1,675,336)
Return of capital, net of distribution repaid	$ 0	(1,333)	(111,634)	0	0	(112,967)
Issuance of shares related to RSUs, change in noncontrolling interests and other	$ 0	(2,638)	(136)	2,818	(35,001)	(34,957)
Issuance of shares related to RSUs, change in noncontrolling interests and other (in shares)	3,841,455
Ending balance at Sep. 30, 2022	$ 0	0	33,699	56	0	33,755
Ending balance (in shares) at Sep. 30, 2022	88,627,603
Beginning balance at Jun. 30, 2022	$ 0	0	39,125	0	0	39,125
Beginning balance (in shares) at Jun. 30, 2022	88,627,603
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net (loss) income	$ 0	0	(5,426)	0	0	(5,426)
Other comprehensive income (loss)	0	0	0	56	0	56
Ending balance at Sep. 30, 2022	$ 0	0	33,699	56	0	33,755
Ending balance (in shares) at Sep. 30, 2022	88,627,603
Beginning balance at Dec. 31, 2022	$ 0	0	33,456	0	0	$ 33,456
Beginning balance (in shares) at Dec. 31, 2022	88,627,593					88,627,593
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net (loss) income	$ 0	0	(3,499)	0	0	$ (3,499)
Other comprehensive income (loss)						0
Return of capital, net of distribution repaid	0	0	(20,324)	0	0	(20,324)
Ending balance at Sep. 30, 2023	$ 0	0	9,633	0	0	$ 9,633
Ending balance (in shares) at Sep. 30, 2023	88,627,593					88,627,593
Beginning balance at Jun. 30, 2023	$ 0	0	30,603	0	0	$ 30,603
Beginning balance (in shares) at Jun. 30, 2023	88,627,593
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net (loss) income	$ 0	0	(646)	0	0	(646)
Other comprehensive income (loss)						0
Return of capital, net of distribution repaid	0	0	(20,324)	0	0	(20,324)
Ending balance at Sep. 30, 2023	$ 0	$ 0	$ 9,633	$ 0	$ 0	$ 9,633
Ending balance (in shares) at Sep. 30, 2023	88,627,593					88,627,593

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Operating activities:
Net (loss) income	$ (3,499)	$ 437,282
Adjustments to reconcile net (loss) income to net cash used in operating activities:
Provision for doubtful accounts	0	2,759
Depreciation, amortization and accretion	2	18,417
Equity-based compensation	0	3,572
Loss (gain) on sale of operations and disposal of assets	11	(457,590)
Non-cash right-of-use ("ROU") asset lease expense	0	3,686
Non-cash interest expense	0	3,385
Settlement of cash flow hedges	0	(335)
Change in fair value of warrant liability	0	(105)
Debt extinguishment costs	0	8,527
Non-cash gain from change in fair value on cash flow hedges	0	(2,946)
Loss (gain) on forward exchange contracts and unrealized foreign exchange transactions	228	(14,789)
Deferred income taxes	0	396
Changes in operating assets and liabilities:
Accounts receivable	0	(6,460)
Equipment Installment Plan ("EIP") receivables	0	5,207
Inventory	0	(1,470)
Prepaid expenses and other current assets	12	(12,693)
Other assets	52	(1,546)
Accounts payable	(39)	(6,989)
Operating lease liabilities	0	(7,376)
Other current liabilities and accrued expenses	(6,091)	23,738
Customer deposits and unearned revenue	0	(1,866)
Net cash used in operating activities	(9,324)	(7,196)
Investing activities:
Proceeds from the sale of operations, inclusive of proceeds from forward exchange contracts of $0.1 million and $16.6 million, net of cash sold of $51.1 million	13,889	552,210
Purchase of property and equipment	0	(32,429)
Purchase of short-term investments	0	(13,837)
Other, net	0	(687)
Net cash provided by investing activities	13,889	505,257
Financing activities:
Return of capital, net of distribution repaid	(20,324)	(112,967)
Payments of debt, including sale-leaseback and EIP receivables financing obligations	0	(438,807)
Proceeds from debt	0	10,000
Proceeds from EIP receivables financing obligation	0	7,290
Other, net	0	(2,778)
Net cash used in financing activities	(20,324)	(537,262)
Net decrease in cash, cash equivalents and restricted cash	(15,759)	(39,201)
Cash, cash equivalents and restricted cash, beginning of period	25,067	55,010
Effect of exchange rate changes	0	(3,185)
Cash, cash equivalents and restricted cash, end of period	$ 9,308	$ 12,624

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows (Parenthetical) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Investing activities:
Proceeds from forward exchange contract	$ 0.1	$ 16.6
Net of cash sold	$ 51.1	$ 51.1

DESCRIPTION OF BUSINESS, BASIS

DESCRIPTION OF BUSINESS, BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended
	Sep. 30, 2023
DESCRIPTION OF BUSINESS, BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]
DESCRIPTION OF BUSINESS, BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 1 – DESCRIPTION OF BUSINESS, BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Description of Business and Basis of Presentation The accompanying unaudited interim Condensed Consolidated Financial Statements include the accounts of Trilogy International Partners Inc. (“TIP Inc.” and together with its consolidated subsidiaries referred to as the “Company”). All intercompany transactions and accounts have been eliminated. The Condensed Consolidated Balance Sheet as of December 31, 2022 is derived from the Company’s audited financial statements at that date, which should be read in conjunction with these Condensed Consolidated Financial Statements. Certain information in footnote disclosures normally included in annual financial statements has been condensed or omitted for the interim periods presented in accordance with accounting principles generally accepted in the United States of America (“GAAP”). In the opinion of management, the interim financial information includes all adjustments, consisting of normal recurring adjustments, necessary for a fair statement of the results for the interim periods. The interim results of operations and cash flows are not necessarily indicative of those results and cash flows expected for the full year. All dollar amounts are in U.S. dollars (“USD”), unless otherwise stated. The Company historically had two reportable segments, New Zealand and Bolivia. During the second quarter of 2022, the Company completed the sales of its operations in New Zealand and Bolivia, which represented substantially all of the operating activities of the Company’s business. The disposals and comparative historical periods are not presented as discontinued operations since the associated activities represented substantially all of the Company’s net productive assets, business activities and results of operations. Accordingly, they do not meet the definition of a component of an entity that would qualify for discontinued operations presentation because they are not clearly distinguishable from the rest of the entity. Since presentation of discontinued operations is not applicable, the presentation of segment information for New Zealand and Bolivia has been retained. Unallocated corporate operating expenses, which pertained primarily to corporate administrative functions that supported the segments but were not specifically attributable to or managed by any segment, are presented as a reconciling item between total segment results and consolidated financial results. Additional information relating to our historical reportable segments is included in Note 12 – Segment Information. See Note 2 – Sale of Operations for additional information regarding the sales of Two Degrees Mobile Limited (“2degrees”), in New Zealand, and Empresa de Telecomunicaciones NuevaTel (PCS de Bolivia), S.A. (“NuevaTel”), in Bolivia. Certain amounts in the prior period Condensed Consolidated Balance Sheet have been reclassified to conform to the current presentation related to certain prepaid expenses. Summary of Significant Accounting Policies Use of Estimates: The preparation of the unaudited interim Condensed Consolidated Financial Statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts of assets and liabilities and the amounts of revenues and expenses reported for the periods presented. Certain estimates require difficult, subjective and complex judgments about matters that are inherently uncertain. Actual results could differ from those estimates. Cash and Cash Equivalents: The Company maintains its cash and cash equivalents with major financial institutions primarily in the United States of America, which are insured by the Federal Deposit Insurance Corporation (“FDIC”). Deposits in U.S. banks may exceed the FDIC insurance limit of up to $250,000. Property and Equipment: Depreciation expense was insignificant for the three and nine months ended September 30, 2023 and for the three months ended September 30, 2022. Depreciation expense was $15.9 million for the nine months ended September 30, 2022. License Costs and Other Intangible Assets: There were no license costs and other intangible assets balances remaining as of September 30, 2023 or December 31, 2022 due to the sale of operations in May 2022. There was no amortization expense of license costs and other intangible assets for the three and nine months ended September 30, 2023 and for the three months ended September 30, 2022. Amortization expense of license costs and other intangible assets was $1.9 million for the nine months ended September 30, 2022. Interest Cost Incurred: There was no interest cost incurred or expensed for the three and nine months ended September 30, 2023 and for the three months ended September 30, 2022. Consolidated interest cost incurred and expensed, prior to capitalization of interest, was $23.0 million for the nine months ended September 30, 2022. Supplemental Cash Flow Disclosure: Prior to the sale of our operations in May 2022, the Company acquired property and equipment using current and long-term construction accounts payable. The net change in current and long-term construction accounts payable resulted in additions to Purchase of property and equipment in the Condensed Consolidated Statements of Cash Flows of $7.5 million for the nine months ended September 30, 2022. There was no interest paid, net of capitalized interest, for the nine months ended September 30, 2023. Interest paid, net of capitalized interest, was $22.9 million for the nine months ended September 30, 2022. Recently Adopted Accounting Standards: In June 2016, the Financial Accounting Standards Board issued Accounting Standards Update (“ASU”) 2016-13 related to the measurement of credit losses on financial instruments and has since modified the standard with several ASUs (collectively, the “credit loss standard”). The credit loss standard requires a financial asset (or a group of financial assets) measured at amortized cost basis to be presented at the net amount expected to be collected. The measurement of expected credit losses is based on relevant information about past events, including historical experience, current conditions and reasonable and supportable forecasts that affect the collectability of the reported amount. The credit loss standard took effect for public entities for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. As amended in ASU 2019-10, for companies that file under private company guidelines or are eligible to report as a “smaller reporting company”, the credit loss standard took effect for fiscal years beginning after December 15, 2022, and for interim periods within those fiscal years. Early adoption was permitted for all entities for fiscal years beginning after December 15, 2018. Effective January 1, 2023, the Company adopted the credit loss standard as it became applicable to the Company as a “smaller reporting company”. Adoption of this credit loss standard did not have a material impact on our consolidated financial statements as the Company did not have any receivables in its portfolio during the nine months ended September 30, 2023.

SALE OF OPERATIONS

SALE OF OPERATIONS	9 Months Ended
	Sep. 30, 2023
SALE OF OPERATIONS [Abstract]
SALE OF OPERATIONS	NOTE 2 – SALE OF OPERATIONS 2degrees – New Zealand Segment On December 31, 2021, the shareholders of 2degrees, including the Company, entered into a purchase agreement (the “Purchase Agreement”) with Voyage Digital (NZ) Limited (“Voyage Digital”) to sell all of their equity interests in 2degrees (the “2degrees Sale”). On a cash free debt free basis, the purchase price for 100% of the 2degrees shares (including employee options that converted into shares in connection with the sale) represented an equity value of $1.315 billion New Zealand dollars (“NZD”), subject to adjustments at closing for specific costs or payments by 2degrees between signing and closing. The Company’s ownership interest in 2degrees was 73.2%. On March 15, 2022, the Company determined that the 2degrees business met the criteria to be classified as held for sale. Therefore, the Company ceased recording depreciation and amortization on the applicable and relevant 2degrees non-current tangible and intangible assets on such date, in accordance with Accounting Standards Codification (“ASC”) 360-10, Impairment and Disposal of Long-Lived Assets (“ASC 360-10”). On May 19, 2022, the Company completed the sale of its 73.2% interest in 2degrees. For its ownership interest in 2degrees, the Company’s share of the total consideration was $930 million NZD (approximately $601 million), net of $33 million NZD ($21 million) of closing adjustments, including transaction advisory fees, along with payments to satisfy the outstanding 2degrees option pool. Upon closing of the 2degrees Sale, the Company recognized a net gain of $443.3 million, inclusive of changes in the NZD to USD foreign currency exchange rate between the funding and settlement of sale proceeds. Approximately $22 million NZD of the consideration paid by Voyage Digital for the Company’s 2degrees shares was held in escrow as recourse for potential indemnification claims under the Purchase Agreement. In the second quarter of 2023, the Company received $22.3 million NZD ($13.7 million) from the escrowed proceeds, inclusive of $0.6 million NZD of interest accrued on the escrowed amount and changes in the NZD to USD foreign currency exchange rates between funding and settlement of the forward exchange contracts. See Note 6 – Derivative Financial Instruments for additional information regarding the forward exchange contracts. In the third quarter of 2023, the remaining escrowed proceeds of approximately $0.3 million NZD ($0.2 million) were released to the Company. The proceeds of the funds released from escrow to the Company are included in investing activities in the Condensed Consolidated Statement of Cash Flows. The table below presents a computation of the gain on sale of 2degrees based on the derecognition of 2degrees’s net assets: As of May 19, 2022 Current assets: Cash, cash equivalents and restricted cash $ 39,090 Accounts receivable, net 37,876 EIP receivables, net 35,245 Inventory 10,222 Prepaid expenses and other current assets 29,097 Total current assets 151,530 Property and equipment, net 261,894 Operating lease ROU assets, net 62,758 License costs, goodwill and other intangible assets, net 33,118 Long-term EIP receivables 31,053 Deferred income taxes 21,882 Other assets 37,232 Total assets $ 599,467 Current liabilities: Accounts payable $ 4,231 Construction accounts payable 11,750 Current portion of debt and financing lease liabilities 205,493 Customer deposits and unearned revenue 20,611 Short-term operating lease liabilities 8,338 Other current liabilities and accrued expenses 64,787 Total current liabilities 315,210 Long-term debt and financing lease liabilities 395 Non-current operating lease liabilities 68,172 Other non-current liabilities 18,327 Total liabilities $ 402,104 Net assets sold $ 197,363 Net consideration (1) $ 600,712 Less: Net assets sold (197,363 ) Carrying amount of noncontrolling interests 42,709 Accumulated other comprehensive loss attributable to TIP Inc. (2,818 ) Gain on sale of 2degrees operation $ 443,240 (1) Net consideration was reduced in the second quarter of 2023 by $18 thousand NZD ($11 thousand) in connection with certain agreed-upon purchase price adjustments paid to Voyage Digital As of May 19, 2022, the Company deconsolidated the net assets of 2degrees and recorded the related gain on sale. Income before income taxes for the New Zealand segment was $35.4 million for the nine months ended September 30, 2022. New Zealand segment income before income taxes attributable to TIP Inc. was $25.9 million for the nine months ended September 30, 2022. NuevaTel – Bolivia Segment On March 28, 2022, the Company entered into a purchase agreement with Balesia Technologies, Inc. to sell its 71.5% equity interest in NuevaTel (the “NuevaTel Transaction”). As of March 28, 2022, the Company also determined that the NuevaTel business met the criteria to be classified as held for sale. Therefore, the Company ceased recording depreciation and amortization on the applicable and relevant NuevaTel non-current tangible and intangible assets on such date, in accordance with ASC 360-10. On May 14, 2022, the NuevaTel Transaction closed. Proceeds received related to the NuevaTel Transaction were of a nominal amount, and the Company recorded a net gain of $14.5 million in the second quarter of 2022. The table below presents a computation of the gain on sale of NuevaTel based on the derecognition of NuevaTel’s net assets: As of May 14, 2022 Current assets: Cash, cash equivalents and restricted cash $ 11,944 Accounts receivable and EIP receivables, net 24,486 Inventory 1,497 Prepaid expenses and other current assets 12,041 Total current assets 49,968 Property and equipment, net 38,092 Operating lease ROU assets, net 50,612 License costs and other intangible assets, net 33,700 Other assets 6,356 Total assets $ 178,728 Current liabilities: Accounts payable $ 17,110 Construction accounts payable 2,275 Current portion of debt and financing lease liabilities 23,989 Customer deposits and unearned revenue 1,922 Short-term operating lease liabilities 10,555 Other current liabilities and accrued expenses 42,031 Total current liabilities 97,882 Long-term debt and financing lease liabilities 8,190 Non-current operating lease liabilities 89,210 Other non-current liabilities 4,646 Total liabilities $ 199,928 Net liabilities sold $ (21,200 ) Net consideration $ - Add: Net liabilities sold 21,200 Carrying amount of noncontrolling interests (6,746 ) Gain on sale of NuevaTel operation $ 14,454 As of May 14, 2022, the Company deconsolidated the net assets of NuevaTel. Loss before income taxes for the Bolivia segment was $9.5 million for the nine months ended September 30, 2022. Bolivia segment loss before income taxes attributable to TIP Inc. was $6.8 million for the nine months ended September 30, 2022. Presentation of activities and acceleration of equity compensation vesting In addition to transaction fees that reduced sale proceeds and were therefore reflected within the 2degrees Sale and NuevaTel Transaction net gain amounts, approximately $2 million of professional service fees were expensed as incurred during the nine months ended September 30, 2022. Transaction costs relating to the 2degrees Sale and NuevaTel Transaction incurred during the nine months ended September 30, 2023 were immaterial. These expenses are included in General and administrative expenses in the Company’s Condensed Consolidated Statements of Operations and Comprehensive Income (Loss). In connection with the 2degrees Sale, the Company accelerated the vesting of all outstanding restricted share units (“RSUs”) issued to certain officers and employees under TIP Inc.’s restricted share unit plan and settled the deferred share units issued to directors of TIP Inc. under its deferred share unit plan. The RSUs vested immediately prior to the closing of the 2degrees Sale, on May 19, 2022. As a result of the change in vesting period, $3.0 million of unrecognized equity-based compensation expense was recognized in the second quarter of 2022. Additionally, in connection with the 2degrees Sale, 25.7 million of vested 2degrees service-based share options which were outstanding prior to the 2degrees Sale were deemed exercised and the shares of 2degrees issued in connection therewith were acquired by Voyage Digital as part of the purchase of all outstanding equity of 2degrees. The conversion of options and acquisition of resulting shares were executed in accordance with the existing terms of the 2degrees option plan. The Company also recorded $5.9 million in severance benefits in the second quarter of 2022 within General and administrative expenses, and the majority of such amount was paid in the second quarter of 2023.

EIP RECEIVABLES

EIP RECEIVABLES	9 Months Ended
	Sep. 30, 2023
EIP RECEIVABLES [Abstract]
EIP RECEIVABLES	NOTE 3 – EIP RECEIVABLES Prior to the sale of our operations in the second quarter of 2022, 2degrees and NuevaTel offered certain wireless subscribers the option to pay for their handsets in installments over a period of up to 36 months using an EIP. As a result of the sale of our operations in the second quarter of 2022, the Company had no unbilled EIP receivables as of September 30, 2023 or December 31, 2022. Sales of EIP Receivables: 2degrees was party to a mobile handset receivables sales agreement with a third party New Zealand financial institution. As a result of the sale of our operations in the second quarter of 2022, the Company had no sales of the EIP receivables during the three months ended September 30, 2022. The following table summarizes the impact of the sales of the EIP receivables in the nine months ended September 30, 2022: Nine Months Ended September 30, 2022 EIP receivables derecognized $ 7,346 Cash proceeds (6,758 ) Reversal of unamortized imputed discount (436 ) Reversal of allowance for doubtful accounts (439 ) Pre-tax gain on sales of EIP receivables $ (287 )

OTHER CURRENT LIABILITIES AND A

OTHER CURRENT LIABILITIES AND ACCRUED EXPENSES	9 Months Ended
	Sep. 30, 2023
OTHER CURRENT LIABILITIES AND ACCRUED EXPENSES [Abstract]
OTHER CURRENT LIABILITIES AND ACCRUED EXPENSES	NOTE 4 – OTHER CURRENT LIABILITIES AND ACCRUED EXPENSES As of September 30, 2023 As of December 31, 2022 Payroll, severance and other employee benefits $ 593 $ 6,779 Other 288 538 Other current liabilities and accrued expenses $ 881 $ 7,317

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	9 Months Ended
	Sep. 30, 2023
FAIR VALUE MEASUREMENTS [Abstract]
FAIR VALUE MEASUREMENTS	NOTE 5 – FAIR VALUE MEASUREMENTS The accounting guidance for fair value establishes a framework for measuring fair value that uses a three-level valuation hierarchy for disclosure of fair value measurement. The valuation hierarchy is based upon the transparency of inputs to the valuation of an asset or liability at the measurement date. The three levels are defined as follows: • Level 1 – Quoted prices in active markets for identical assets or liabilities; • Level 2 – Inputs other than quoted prices included within Level 1 that are either directly or indirectly observable; • Level 3 – Unobservable inputs in which little or no market activity exists, requiring an entity to develop its own assumptions that market participants would use to value the asset or liability. There were no assets measured at fair value on a recurring basis as of September 30, 2023 or December 31, 2022. There were no liabilities measured at fair value on a recurring basis as of September 30, 2023. The following table presents liabilities measured at fair value on a recurring basis as of December 31, 2022: Fair Value Measurement as of December 31, 2022 Total Level 1 Level 2 Level 3 Liabilities: Forward exchange contracts $ 359 $ - $ 359 $ - Total liabilities $ 359 $ - $ 359 $ - The fair value of forward exchange contracts was based on the differential between the contract price and the foreign currency exchange rate as of the balance sheet date. There were no transfers between levels within the fair value hierarchy during the nine months ended September 30, 2023 or 2022. Cash and cash equivalents, deposits, accounts payable and accrued expenses were carried at cost, which approximates fair value given their short-term nature. For the three and nine months ended September 30, 2023 and 2022, we did not record any material other-than-temporary impairments on financial assets required to be measured at fair value on a nonrecurring basis.

DERIVATIVE FINANCIAL INSTRUMENT

DERIVATIVE FINANCIAL INSTRUMENTS	9 Months Ended
	Sep. 30, 2023
DERIVATIVE FINANCIAL INSTRUMENTS [Abstract]
DERIVATIVE FINANCIAL INSTRUMENTS	NOTE 6 – DERIVATIVE FINANCIAL INSTRUMENTS Interest Rate Swaps: Prior to the 2degrees Sale, 2degrees entered into various interest rate swap agreements to fix its future interest payments under its then outstanding bank loan syndication and the New Zealand EIP receivables secured borrowing arrangement. Under these agreements, 2degrees principally received a variable amount based on the New Zealand Bank Bill Reference Rate and paid a fixed amount based on fixed rates. Settlement in cash occurred quarterly until termination and the variable interest rate was reset on the first day of each calendar quarter. These derivative instruments were not designated for hedge accounting; thus, changes in the fair value were recognized in earnings in the period incurred. There were no interest rate swap balances remaining as of September 30, 2023 and December 31, 2022. As a result, there was no financial activity related to these derivative financial instruments for the three and nine months ended September 30, 2023. There was no financial activity related to these derivative financial instruments during the three months ended September 30, 2022. Summarized financial information for the nine months ended September 30, 2022 is shown below: Nine Months Ended September 30, 2022 Non-cash gain from change in fair value recorded in Other, net $ 2,946 Net cash settlement $ 335 Forward Exchange Contracts: In the fourth quarter of 2022, the Company entered into forward exchange contracts to sell an aggregate of $20 million NZD and buy an aggregate of $12.3 million USD on June 30, 2023. These contracts were entered into in order to mitigate exposure to fluctuations in the NZD to USD exchange rate for substantially all of the proceeds from the 2degrees Sale held in escrow. These derivative instruments were not designated for hedge accounting, thus changes in the fair value are recognized in earnings in the period incurred. No gain or loss was recognized during the three months ended September 30, 2023. The foreign exchange gains or losses relating to these forward exchange contracts were recognized in Other, net and were not material for the nine months ended September 30, 2023. These forward exchange contracts were settled in June 2023 in connection with the receipt of the escrowed proceeds from the 2degrees Sale and the related cash proceeds are included in investing activities in the Condensed Consolidated Statement of Cash Flows. In March 2022, the Company entered into a forward exchange contract to mitigate exposure to fluctuations in the NZD to USD exchange rate for a portion of the proceeds we received from the 2degrees Sale. The foreign exchange contract secured an NZD foreign exchange rate based on a sliding scale which included rates of 0.6688 at May 31, 2022 and 0.6677 at the June 30, 2022 long-stop date for $450 million USD ($674 million NZD), which approximated the amount of the USD denominated debt that was paid upon the closing of the 2degrees Sale. No gain or loss was recognized during the three months ended September 30, 2022. A gain of $16.6 million was recognized in Other, net during the nine months ended September 30, 2022, which reflected the differential between the contract price and the foreign exchange rate as of the settlement date under this forward exchange contract. The forward exchange contract was settled in May 2022 in connection with the 2degrees Sale and the related cash proceeds are included in investing activities in the Condensed Consolidated Statement of Cash Flows. Prior to the 2degrees Sale, 2degrees had short-term forward exchange contracts to manage exposure to fluctuations in foreign currency exchange rates. There were no forward exchange contract balances remaining as of September 30, 2023 and December 31, 2022. These derivative instruments were not designated for hedge accounting, thus changes in the fair value were recognized in earnings in the period incurred. No foreign exchange gains or losses were recognized during the three months ended September 30, 2022 relating to the 2degrees forward exchange contracts. Gains or losses resulting from these contracts were immaterial for the nine months ended September 30, 2022.

EQUITY

EQUITY	9 Months Ended
	Sep. 30, 2023
EQUITY [Abstract]
EQUITY	NOTE 7 – EQUITY TIP Inc. Capital Structure TIP Inc.’s authorized share structure initially consisted of two classes of shares, common shares, no par value (the “Common Shares”), and a special voting share (the “Special Voting Share”). The Special Voting Share was surrendered in October 2021. Consequently, as of September 30, 2023, there were no Special Voting Shares outstanding. TIP Inc. Common Shares: TIP Inc. is authorized to issue an unlimited number of Common Shares. As of September 30, 2023, TIP Inc. had 88,627,593 Common Shares outstanding. Holders of Common Shares are entitled to one vote for each share held on matters submitted to a vote of shareholders. Holders of Common Shares are entitled to receive dividends as and when declared by the Board of Directors of the Company (the “Board”). In 2021, the Board determined that it was in the best interests of TIP Inc. not to pay an annual dividend. In the event of the dissolution, liquidation or winding-up of TIP Inc., whether voluntary or involuntary, or any other distribution of assets of TIP Inc. among its shareholders for the purpose of winding up its affairs, the holders of Common Shares are entitled to receive the remaining property and assets of TIP Inc. after satisfaction of all liabilities and obligations to creditors of TIP Inc. Cash Distributions: In the second quarter of 2022, the Board declared a distribution to shareholders of approximately $115.8 million, or approximately $1.31 per share (declared as a $150 million Canadian dollars (“C$”) distribution), representing a return of capital distribution pursuant to the plan of liquidation adopted by the Board on June 10, 2022. This distribution was paid in the second quarter of 2022 following the closing of the 2degrees Sale on May 19, 2022 and represented the initial and primary distribution of the net cash proceeds of the sale. The distribution was inclusive of the $2.8 million paid to New Island (defined below), as discussed below, which was contributed back to TIP Inc. in the second quarter of 2022. In July 2023, the Board declared a second distribution to shareholders of appr oximately $20.8 million, or approximately $0.23 per share (declared as a C$27.5 million distribution). This distribution was paid in the third quarter of prior distribution, this second distribution was inclusive of the $0.5 million paid to New Island, which was contributed back to TIP Inc. in the third quarter of 2023. Any future additional return of capital distributions will depend on the Company’s corporate expenses, financial condition and other factors as determined by the Board. New Island Cellular Common Shares: Trilogy LLC (as defined below) had a non-interest bearing loan outstanding to New Island Cellular, LLC (“New Island”), an entity with which a former member and manager of Trilogy LLC is affiliated, in an aggregate principal amount of approximately $6.2 million (the “New Island Loan”), the proceeds of which were used to cover additional taxes owed by New Island as a result of Trilogy LLC’s election in 2006 to treat its former subsidiary, ComCEL, as a U.S. partnership for tax purposes. In connection with New Island’s redemption of Trilogy LLC units for Common Shares in 2021, the New Island Loan was forgiven in consideration of New Island’s assignment to Trilogy LLC of all distributions and dividends payable to New Island with respect to its TIP Inc. shares. This arrangement was treated as an equity transaction with no impact on the Consolidated Statements of Operations. New Island received 2,129,623 Common Shares in connection with the redemption. In 2022 and 2023, the Company declared and paid cash distributions to shareholders, as discussed above, inclusive of approximately $2.8 million and $0.5 million, respectively, distributed to New Island Cellular. The full amounts of the distributions to New Island were subsequently repaid to Trilogy LLC and are reflected within Return of capital, net of distribution repaid in the Consolidated Statement of Changes in Shareholders’ Equity (Deficit). Trilogy LLC Capital Structure On February 7, 2017, Trilogy International Partners LLC (“Trilogy LLC”), a Washington limited liability company, and Alignvest Acquisition Corporation completed a court approved plan of arrangement (the “Arrangement”) pursuant to an arrangement agreement dated November 1, 2016 (as amended December 20, 2016). As a result of the Arrangement, TIP Inc. obtained a controlling interest in and began consolidating Trilogy LLC. As of September 30, 2023, TIP Inc. held a 100% economic ownership interest in Trilogy LLC through its wholly owned subsidiary, Trilogy International Partners Intermediate Holdings Inc. (“Trilogy Intermediate Holdings”). The equity interests in Trilogy LLC historically consisted of three classes of units; however, as of September 30, 2023, only Class B Units (as defined below) were outstanding. Class B Units: TIP Inc. indirectly holds the Class B Units of Trilogy LLC (the “Class B Units”) through Trilogy Intermediate Holdings. The Class B Units represented TIP Inc.’s indirect economic interest in Trilogy LLC under the Trilogy LLC amended and restated Limited Liability Company Agreement. As of September 30, 2023, there were 88,627,593 Class B Units outstanding.

REVENUE FROM CONTRACTS WITH CUS

REVENUE FROM CONTRACTS WITH CUSTOMERS	9 Months Ended
	Sep. 30, 2023
REVENUE FROM CONTRACTS WITH CUSTOMERS [Abstract]
REVENUE FROM CONTRACTS WITH CUSTOMERS	NOTE 8 – REVENUE FROM CONTRACTS WITH CUSTOMERS Disaggregation of Revenue: Prior to the sale of our operations in the second quarter of 2022, we operated and managed our business in two reportable segments based on geographic region: New Zealand and Bolivia. We disaggregated revenue into categories to depict how the nature, amount, timing and uncertainty of revenue and cash flows were affected by economic factors, including the type of product offering provided, the type of customer and the expected timing of payment for goods and services. See Note 12 – Segment Information for additional information on revenue by segment. There were no revenues for the three and nine months ended September 30, 2023 or for the three months ended September 30, 2022 . The following table presents the disaggregated reported revenue by category for the nine months ended September 30, 2022: Nine Months Ended September 30, 2022 New Zealand Bolivia Other Total Postpaid wireless service revenues $ 79,133 $ 17,426 $ - $ 96,559 Prepaid wireless service revenues 38,620 17,434 - 56,054 Fixed broadband service revenues 40,356 2,142 - 42,498 Equipment sales 38,042 54 - 38,096 Other wireless service and other revenues 2,909 2,313 88 5,310 Total revenues $ 199,060 $ 39,369 $ 88 $ 238,517 Contract Balances: The timing of revenue recognition may have differed from the time of billing to our customers. Receivables represented an unconditional right to consideration. Contract balances represented amounts from an arrangement when either the Company had performed, by providing goods or services to the customer in advance of receiving all or partial consideration for such goods and services from the customer, or the customer had made payment to us in advance of obtaining control of the goods and/or services promised to the customer in the contract. Contract assets were primarily related to our rights to consideration for goods or services provided to the customers but for which we did not have an unconditional right at the reporting date. Under a fixed-term plan, the total contract revenue was allocated between wireless services and equipment revenues. In conjunction with these arrangements, a contract asset may have been created, which represented the difference between the amount of equipment revenue recognized upon sale and the amount of consideration received from the customer. The contract asset was reclassified as an account receivable as wireless services were provided and amounts were billed to the customer. We had the right to bill the customer as service was provided over time, which resulted in our right to the payment being unconditional. We assessed our contract assets for impairment on a quarterly basis and recognized an impairment charge to the extent their carrying amount was not recoverable. There were no contract assets following the sale of our operations in the second quarter of 2022. The following table represents changes in the contract assets balance for the nine months ended September 30, 2022: Contract Assets Balance at January 1, 2022 $ 1,413 Increase resulting from new contracts 2,897 Contract assets reclassified to a receivable or collected in cash (1,300 ) Foreign currency translation (80 ) Sale of operations (2,930 ) Balance at September 30, 2022 $ - Deferred revenue arose when we billed our customers and received consideration in advance of providing the goods or services promised in the contract. For prepaid wireless services and fixed broadband services, we typically received consideration in advance of providing the services, which was the most significant component of the contract liability deferred revenue balance. Deferred revenue was recognized as revenue when services were provided to the customer. There were no deferred revenue balances following the sale of our operations in the second quarter of 2022. The following table represents changes in the contract liabilities deferred revenue balance for the nine months ended September 30, 2022: Deferred Revenue Balance at January 1, 2022 $ 25,851 Net increase in deferred revenue 21,194 Revenue recognized related to the balance existing at January 1, 2022 (1) (23,633 ) Foreign currency translation (879 ) Sale of operations (22,533 ) Balance at September 30, 2022 $ - (1) There was no Contract Costs: Revenue from Contracts with Customers (“Topic 606”) requires the recognition of an asset for incremental costs to obtain a customer contract. These costs are then amortized to expense over the respective periods of expected benefit. We recognized an asset for direct and incremental commission expenses paid to external and certain internal sales personnel and agents in conjunction with obtaining customer contracts. These costs were amortized and recorded ratably as commission expense over the expected period of benefit, which typically ranged from 1 to 3 years. Further, we elected to apply the practical expedient available under Topic 606 that permitted us to expense incremental costs immediately for costs with an estimated amortization period of less than one year. Following the sale of operations in the second quarter of 2022, there were no contract costs balances. The following table represents changes in the contract costs balance for the nine months ended September 30, 2022: Contract Costs Balance at January 1, 2022 $ 18,628 Incremental costs of obtaining and contract fulfillment costs 4,936 Amortization included in operating costs (6,078 ) Foreign currency translation (610 ) Sale of operations (16,876 ) Balan ce at September 30, 2022 $ -

EARNINGS PER SHARE

EARNINGS PER SHARE	9 Months Ended
	Sep. 30, 2023
EARNINGS PER SHARE [Abstract]
EARNINGS PER SHARE	NOTE 9 – EARNINGS PER SHARE Basic earnings per share is calculated by dividing net earnings by the basic weighted average Common Shares outstanding. Diluted earnings per share is calculated by dividing net earnings by the weighted average number of Common Shares plus the effect of potential dilutive Common Shares outstanding during the period using the treasury stock method. In calculating diluted net (loss) income per share, There were no warrants outstanding for the three and nine months ended September 30, 2023 and for the three months ended September 30, 2022. For the nine months ended September 30, 2022, the Company’s warrants were out of the money and no adjustment was made to exclude the gain recognized by TIP Inc. for the change in fair value of the warrant liability. The components of basic and diluted earnings per share were as follows: Three Months Ended September 30, Nine Months Ended September 30, (in thousands, except per share amounts) 2023 2022 2023 2022 Basic EPS: Numerator: Net (loss) income attributable to TIP Inc. $ (646 ) $ (5,426 ) $ (3,499 ) $ 433,704 Denominator: Basic weighted average Common Shares outstanding 88,627,593 88,627,603 88,627,593 87,580,236 Net (loss) income per share: Basic $ (0.01 ) $ (0.06 ) $ (0.04 ) $ 4.95 Diluted EPS: Numerator: Net (loss) income attributable to TIP Inc. $ (646 ) $ (5,426 ) $ (3,499 ) $ 433,704 Denominator: Basic weighted average Common Shares outstanding 88,627,593 88,627,603 88,627,593 87,580,236 Effect of dilutive securities: Unvested RSUs - - - 734,719 Diluted weighted average Common Shares outstanding 88,627,593 88,627,603 88,627,593 88,314,955 Net (loss) income per share: Diluted $ (0.01 ) $ (0.06 ) $ (0.04 ) $ 4.91

LEASES

LEASES	9 Months Ended
	Sep. 30, 2023
LEASES [Abstract]
LEASES	NOTE 10 – LEASES Prior to the sale of our operations in the second quarter of 2022, we leased cell sites, retail stores, offices, vehicles, equipment and other assets from third parties under operating and finance leases. Our typical lease arrangement included a non-cancellable term with renewal options for varying terms depending on the nature of the lease. We included the renewal options that were reasonably certain to be exercised as part of the lease term, and this assessment was an area of judgment. For cell site locations, optional renewals were included in the lease term based on the date the sites were placed in service and to the extent that renewals were reasonably certain based on the age and duration of the sites. For other leases, renewal options were typically not considered to be reasonably certain to be exercised. The components of total lease cost, net consisted of the following: Three Months Ended September 30, Nine Months Ended September 30, Classification 2023 2022 2023 2022 Operating lease cost: (1) Cost of service $ - $ - $ - $ 9,473 Sales and marketing - - - 937 General and administrative 53 58 160 1,359 $ 53 $ 58 $ 160 $ 11,769 Financing lease cost: Amortization of ROU assets Depreciation, amortization and accretion - - - 421 Interest on lease liabilities Interest expense - - - 140 Total net lease cost $ 53 $ 58 $ 160 $ 12,330 (1) Operating lease costs include short-term lease costs and variable costs. Short-term lease costs for the three months ended September 30, 2022 were immaterial. Short-term lease costs for the nine months ended September 30, 2022 were $ 2.4 Sublease income was not significant for the periods presented. Following the sale of our operations in the second quarter of 2022, the Company’s remaining operating lease costs consist of the lease of its corporate headquarters office in a commercial building that expires in October 2025 at a monthly cost of approximately $17 thousand. The lease asset is included in Other assets and the short-term portion and long-term portion of the lease liability are included in Other current liabilities and accrued expenses and Non-current liabilities, respectively, in our Condensed Consolidated Balance Sheets. The cash flow information for leases for the nine months ended September 30, 2023 was not significant. The following table presents cash flow information for leases for the nine months ended September 30, 2022: Nine Months Ended September 30, 2022 Cash paid for amounts included in the measurement of lease liabilities Operating cash flows for operating leases $ 12,057 Operating cash flows for finance leases $ 140 Financing cash flows for finance leases $ 372 Supplemental lease cash flow disclosures Operating lease ROU assets obtained in exchange for new operating lease liabilities $ 817 ROU assets obtained in exchange for new lease liabilities were not significant for the periods presented.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	9 Months Ended
	Sep. 30, 2023
COMMITMENTS AND CONTINGENCIES [Abstract]
COMMITMENTS AND CONTINGENCIES	NOTE 11 – COMMITMENTS AND CONTINGENCIES Commitments: Following the sales of operations during the second quarter of 2022, there were no remaining outstanding commitments as of September 30 Contingencies: The financial statements reflect certain assumptions based on telecommunications laws, regulations and customary practices currently in effect in the countries in which the Company’s subsidiaries operated prior to disposal. As a result of the sales of operations in the second quarter of 2022, the Company is no longer subject to the potential outcome of contingencies previously reported for the historical New Zealand and Bolivia segments which were subject to the telecommunications laws and regulations of these locations. The Company’s former subsidiaries are party to various lawsuits, regulatory proceedings and other matters arising in the ordinary course of business. Although the Company no longer owns an interest in these subsidiaries, it may have liability with respect to the outcomes of certain lawsuits, regulatory proceedings or claims against the former subsidiaries to the extent specified in indemnification provisions of the share sale agreements to which the Company is a party, including the six year indemnification period following the closing of the 2degrees Sale. Management believes that although the outcomes of these proceedings are uncertain, any liability ultimately arising from these actions should not have a material adverse impact on the Company’s financial condition, results of operations or cash flows. The Company has previously accrued for any material contingencies where the Company’s management believed the loss was probable and estimable. Following the sales of operations during the second quarter of 2022, there are no contingencies accrued as of September 30

SEGMENT INFORMATION

SEGMENT INFORMATION	9 Months Ended
	Sep. 30, 2023
SEGMENT INFORMATION [Abstract]
SEGMENT INFORMATION	NOTE 12 – SEGMENT INFORMATION We determined our reportable segments based on the manner in which our Chief Executive Officer, considered to be the chief operating decision maker (“CODM”), would regularly review our operations and performance. Segment information was prepared on the same basis that our CODM managed the segments, evaluated financial results, allocated resources, and made key operating decisions. The Company historically had two reportable segments, New Zealand and Bolivia. However, as a result of the closing of the 2degrees Sale and NuevaTel Transaction in the second quarter of 2022, the Company no longer holds ownership interests in the business that historically comprised the New Zealand and Bolivia segments. See Note 2 – Sale of Operations for additional information regarding the 2degrees Sale and the NuevaTel Transaction. Since presentation of discontinued operations is not applicable, as discussed therein, the presentation of segment information for New Zealand and Bolivia has been retained. The table below presents financial information for our reportable segments through the date of their dispositions and reconciles total Segment Adjusted EBITDA to (Loss) income before income taxes: Three Months Ended Nine Months Ended September 30, September 30, 2023 2022 2023 2022 Revenues New Zealand $ - $ - $ - $ 199,060 Bolivia - - - 39,369 Unallocated corporate & eliminations - - - 88 Total revenues $ - $ - $ - $ 238,517 Segment Adjusted EBITDA New Zealand $ - $ - $ - $ 51,530 Bolivia - - - 209 Equity-based compensation - - - (3,572 ) Transactions and other nonrecurring costs - (975 ) - (10,609 ) Depreciation, amortization and accretion - (1 ) (2 ) (18,417 ) (Loss) gain on sale of operations and disposal of assets - - (11 ) 457,590 Interest expense - - - (22,887 ) Change in fair value of warrant liability - - - 105 Debt extinguishment costs - - - (8,527 ) Other, net 97 (2,018 ) 594 13,607 Unallocated corporate & eliminations (742 ) (2,432 ) (4,010 ) (10,410 ) (Loss) income before income taxes $ (645 ) $ (5,426 ) $ (3,429 ) $ 448,619

DESCRIPTION OF BUSINESS, BASI_2

DESCRIPTION OF BUSINESS, BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	9 Months Ended
	Sep. 30, 2023
DESCRIPTION OF BUSINESS, BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]
Use of Estimates	Use of Estimates: The preparation of the unaudited interim Condensed Consolidated Financial Statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts of assets and liabilities and the amounts of revenues and expenses reported for the periods presented. Certain estimates require difficult, subjective and complex judgments about matters that are inherently uncertain. Actual results could differ from those estimates.
Cash and Cash Equivalents	Cash and Cash Equivalents: The Company maintains its cash and cash equivalents with major financial institutions primarily in the United States of America, which are insured by the Federal Deposit Insurance Corporation (“FDIC”). Deposits in U.S. banks may exceed the FDIC insurance limit of up to $250,000.
Property and Equipment	Property and Equipment: Depreciation expense was insignificant for the three and nine months ended September 30, 2023 and for the three months ended September 30, 2022. Depreciation expense was $15.9 million for the nine months ended September 30, 2022.
License Costs and Other Intangible Assets	License Costs and Other Intangible Assets: There were no license costs and other intangible assets balances remaining as of September 30, 2023 or December 31, 2022 due to the sale of operations in May 2022. There was no amortization expense of license costs and other intangible assets for the three and nine months ended September 30, 2023 and for the three months ended September 30, 2022. Amortization expense of license costs and other intangible assets was $1.9 million for the nine months ended September 30, 2022.
Interest Cost Incurred	Interest Cost Incurred: There was no interest cost incurred or expensed for the three and nine months ended September 30, 2023 and for the three months ended September 30, 2022. Consolidated interest cost incurred and expensed, prior to capitalization of interest, was $23.0 million for the nine months ended September 30, 2022.
Supplemental Cash Flow Disclosure	Supplemental Cash Flow Disclosure: Prior to the sale of our operations in May 2022, the Company acquired property and equipment using current and long-term construction accounts payable. The net change in current and long-term construction accounts payable resulted in additions to Purchase of property and equipment in the Condensed Consolidated Statements of Cash Flows of $7.5 million for the nine months ended September 30, 2022. There was no interest paid, net of capitalized interest, for the nine months ended September 30, 2023. Interest paid, net of capitalized interest, was $22.9 million for the nine months ended September 30, 2022.
Recently Adopted Accounting Standards	Recently Adopted Accounting Standards: In June 2016, the Financial Accounting Standards Board issued Accounting Standards Update (“ASU”) 2016-13 related to the measurement of credit losses on financial instruments and has since modified the standard with several ASUs (collectively, the “credit loss standard”). The credit loss standard requires a financial asset (or a group of financial assets) measured at amortized cost basis to be presented at the net amount expected to be collected. The measurement of expected credit losses is based on relevant information about past events, including historical experience, current conditions and reasonable and supportable forecasts that affect the collectability of the reported amount. The credit loss standard took effect for public entities for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. As amended in ASU 2019-10, for companies that file under private company guidelines or are eligible to report as a “smaller reporting company”, the credit loss standard took effect for fiscal years beginning after December 15, 2022, and for interim periods within those fiscal years. Early adoption was permitted for all entities for fiscal years beginning after December 15, 2018. Effective January 1, 2023, the Company adopted the credit loss standard as it became applicable to the Company as a “smaller reporting company”. Adoption of this credit loss standard did not have a material impact on our consolidated financial statements as the Company did not have any receivables in its portfolio during the nine months ended September 30, 2023.

SALE OF OPERATIONS (Tables)

SALE OF OPERATIONS (Tables)	9 Months Ended
	Sep. 30, 2023
2degrees [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Computation of Gain on Sale of Based on Derecognition of Net Assets	The table below presents a computation of the gain on sale of 2degrees based on the derecognition of 2degrees’s net assets: As of May 19, 2022 Current assets: Cash, cash equivalents and restricted cash $ 39,090 Accounts receivable, net 37,876 EIP receivables, net 35,245 Inventory 10,222 Prepaid expenses and other current assets 29,097 Total current assets 151,530 Property and equipment, net 261,894 Operating lease ROU assets, net 62,758 License costs, goodwill and other intangible assets, net 33,118 Long-term EIP receivables 31,053 Deferred income taxes 21,882 Other assets 37,232 Total assets $ 599,467 Current liabilities: Accounts payable $ 4,231 Construction accounts payable 11,750 Current portion of debt and financing lease liabilities 205,493 Customer deposits and unearned revenue 20,611 Short-term operating lease liabilities 8,338 Other current liabilities and accrued expenses 64,787 Total current liabilities 315,210 Long-term debt and financing lease liabilities 395 Non-current operating lease liabilities 68,172 Other non-current liabilities 18,327 Total liabilities $ 402,104 Net assets sold $ 197,363 Net consideration (1) $ 600,712 Less: Net assets sold (197,363 ) Carrying amount of noncontrolling interests 42,709 Accumulated other comprehensive loss attributable to TIP Inc. (2,818 ) Gain on sale of 2degrees operation $ 443,240 (1) Net consideration was reduced in the second quarter of 2023 by $18 thousand NZD ($11 thousand) in connection with certain agreed-upon purchase price adjustments paid to Voyage Digital
NuevaTel [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Computation of Gain on Sale of Based on Derecognition of Net Assets	The table below presents a computation of the gain on sale of NuevaTel based on the derecognition of NuevaTel’s net assets: As of May 14, 2022 Current assets: Cash, cash equivalents and restricted cash $ 11,944 Accounts receivable and EIP receivables, net 24,486 Inventory 1,497 Prepaid expenses and other current assets 12,041 Total current assets 49,968 Property and equipment, net 38,092 Operating lease ROU assets, net 50,612 License costs and other intangible assets, net 33,700 Other assets 6,356 Total assets $ 178,728 Current liabilities: Accounts payable $ 17,110 Construction accounts payable 2,275 Current portion of debt and financing lease liabilities 23,989 Customer deposits and unearned revenue 1,922 Short-term operating lease liabilities 10,555 Other current liabilities and accrued expenses 42,031 Total current liabilities 97,882 Long-term debt and financing lease liabilities 8,190 Non-current operating lease liabilities 89,210 Other non-current liabilities 4,646 Total liabilities $ 199,928 Net liabilities sold $ (21,200 ) Net consideration $ - Add: Net liabilities sold 21,200 Carrying amount of noncontrolling interests (6,746 ) Gain on sale of NuevaTel operation $ 14,454

EIP RECEIVABLES (Tables)

EIP RECEIVABLES (Tables)	9 Months Ended
	Sep. 30, 2023
EIP RECEIVABLES [Abstract]
Summary of Impact of Sales of EIP receivables	The following table summarizes the impact of the sales of the EIP receivables in the nine months ended September 30, 2022: Nine Months Ended September 30, 2022 EIP receivables derecognized $ 7,346 Cash proceeds (6,758 ) Reversal of unamortized imputed discount (436 ) Reversal of allowance for doubtful accounts (439 ) Pre-tax gain on sales of EIP receivables $ (287 )

OTHER CURRENT LIABILITIES AND_2

OTHER CURRENT LIABILITIES AND ACCRUED EXPENSES (Tables)	9 Months Ended
	Sep. 30, 2023
OTHER CURRENT LIABILITIES AND ACCRUED EXPENSES [Abstract]
OTHER CURRENT LIABILITIES AND ACCRUED EXPENSES	As of September 30, 2023 As of December 31, 2022 Payroll, severance and other employee benefits $ 593 $ 6,779 Other 288 538 Other current liabilities and accrued expenses $ 881 $ 7,317

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	9 Months Ended
	Sep. 30, 2023
FAIR VALUE MEASUREMENTS [Abstract]
Assets and Liabilities Measured at Fair Value on a Recurring Basis	There were no assets measured at fair value on a recurring basis as of September 30, 2023 or December 31, 2022. There were no liabilities measured at fair value on a recurring basis as of September 30, 2023. The following table presents liabilities measured at fair value on a recurring basis as of December 31, 2022: Fair Value Measurement as of December 31, 2022 Total Level 1 Level 2 Level 3 Liabilities: Forward exchange contracts $ 359 $ - $ 359 $ - Total liabilities $ 359 $ - $ 359 $ -

DERIVATIVE FINANCIAL INSTRUME_2

DERIVATIVE FINANCIAL INSTRUMENTS (Tables)	9 Months Ended
	Sep. 30, 2023
DERIVATIVE FINANCIAL INSTRUMENTS [Abstract]
Summarized Financial Information for Derivative Financial Instruments	Summarized financial information for the nine months ended September 30, 2022 is shown below: Nine Months Ended September 30, 2022 Non-cash gain from change in fair value recorded in Other, net $ 2,946 Net cash settlement $ 335

REVENUE FROM CONTRACTS WITH C_2

REVENUE FROM CONTRACTS WITH CUSTOMERS (Tables)	9 Months Ended
	Sep. 30, 2023
REVENUE FROM CONTRACTS WITH CUSTOMERS [Abstract]
Disaggregation of Revenue by Category	The following table presents the disaggregated reported revenue by category for the nine months ended September 30, 2022: Nine Months Ended September 30, 2022 New Zealand Bolivia Other Total Postpaid wireless service revenues $ 79,133 $ 17,426 $ - $ 96,559 Prepaid wireless service revenues 38,620 17,434 - 56,054 Fixed broadband service revenues 40,356 2,142 - 42,498 Equipment sales 38,042 54 - 38,096 Other wireless service and other revenues 2,909 2,313 88 5,310 Total revenues $ 199,060 $ 39,369 $ 88 $ 238,517
Contract With Customer Asset	The following table represents changes in the contract assets balance for the nine months ended September 30, 2022: Contract Assets Balance at January 1, 2022 $ 1,413 Increase resulting from new contracts 2,897 Contract assets reclassified to a receivable or collected in cash (1,300 ) Foreign currency translation (80 ) Sale of operations (2,930 ) Balance at September 30, 2022 $ -
Contract With Customer Liability	The following table represents changes in the contract liabilities deferred revenue balance for the nine months ended September 30, 2022: Deferred Revenue Balance at January 1, 2022 $ 25,851 Net increase in deferred revenue 21,194 Revenue recognized related to the balance existing at January 1, 2022 (1) (23,633 ) Foreign currency translation (879 ) Sale of operations (22,533 ) Balance at September 30, 2022 $ - (1) There was no
Capitalized Contract Cost	The following table represents changes in the contract costs balance for the nine months ended September 30, 2022: Contract Costs Balance at January 1, 2022 $ 18,628 Incremental costs of obtaining and contract fulfillment costs 4,936 Amortization included in operating costs (6,078 ) Foreign currency translation (610 ) Sale of operations (16,876 ) Balan ce at September 30, 2022 $ -

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	9 Months Ended
	Sep. 30, 2023
EARNINGS PER SHARE [Abstract]
Components of Basic and Diluted Earnings Per Share	The components of basic and diluted earnings per share were as follows: Three Months Ended September 30, Nine Months Ended September 30, (in thousands, except per share amounts) 2023 2022 2023 2022 Basic EPS: Numerator: Net (loss) income attributable to TIP Inc. $ (646 ) $ (5,426 ) $ (3,499 ) $ 433,704 Denominator: Basic weighted average Common Shares outstanding 88,627,593 88,627,603 88,627,593 87,580,236 Net (loss) income per share: Basic $ (0.01 ) $ (0.06 ) $ (0.04 ) $ 4.95 Diluted EPS: Numerator: Net (loss) income attributable to TIP Inc. $ (646 ) $ (5,426 ) $ (3,499 ) $ 433,704 Denominator: Basic weighted average Common Shares outstanding 88,627,593 88,627,603 88,627,593 87,580,236 Effect of dilutive securities: Unvested RSUs - - - 734,719 Diluted weighted average Common Shares outstanding 88,627,593 88,627,603 88,627,593 88,314,955 Net (loss) income per share: Diluted $ (0.01 ) $ (0.06 ) $ (0.04 ) $ 4.91

LEASES (Tables)

LEASES (Tables)	9 Months Ended
	Sep. 30, 2023
LEASES [Abstract]
Components of Lease Cost	The components of total lease cost, net consisted of the following: Three Months Ended September 30, Nine Months Ended September 30, Classification 2023 2022 2023 2022 Operating lease cost: (1) Cost of service $ - $ - $ - $ 9,473 Sales and marketing - - - 937 General and administrative 53 58 160 1,359 $ 53 $ 58 $ 160 $ 11,769 Financing lease cost: Amortization of ROU assets Depreciation, amortization and accretion - - - 421 Interest on lease liabilities Interest expense - - - 140 Total net lease cost $ 53 $ 58 $ 160 $ 12,330 (1) Operating lease costs include short-term lease costs and variable costs. Short-term lease costs for the three months ended September 30, 2022 were immaterial. Short-term lease costs for the nine months ended September 30, 2022 were $ 2.4
Cash Flow Information Related to Leases	The cash flow information for leases for the nine months ended September 30, 2023 was not significant. The following table presents cash flow information for leases for the nine months ended September 30, 2022: Nine Months Ended September 30, 2022 Cash paid for amounts included in the measurement of lease liabilities Operating cash flows for operating leases $ 12,057 Operating cash flows for finance leases $ 140 Financing cash flows for finance leases $ 372 Supplemental lease cash flow disclosures Operating lease ROU assets obtained in exchange for new operating lease liabilities $ 817

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	9 Months Ended
	Sep. 30, 2023
SEGMENT INFORMATION [Abstract]
Financial Information for Reportable Segments	The table below presents financial information for our reportable segments through the date of their dispositions and reconciles total Segment Adjusted EBITDA to (Loss) income before income taxes: Three Months Ended Nine Months Ended September 30, September 30, 2023 2022 2023 2022 Revenues New Zealand $ - $ - $ - $ 199,060 Bolivia - - - 39,369 Unallocated corporate & eliminations - - - 88 Total revenues $ - $ - $ - $ 238,517 Segment Adjusted EBITDA New Zealand $ - $ - $ - $ 51,530 Bolivia - - - 209 Equity-based compensation - - - (3,572 ) Transactions and other nonrecurring costs - (975 ) - (10,609 ) Depreciation, amortization and accretion - (1 ) (2 ) (18,417 ) (Loss) gain on sale of operations and disposal of assets - - (11 ) 457,590 Interest expense - - - (22,887 ) Change in fair value of warrant liability - - - 105 Debt extinguishment costs - - - (8,527 ) Other, net 97 (2,018 ) 594 13,607 Unallocated corporate & eliminations (742 ) (2,432 ) (4,010 ) (10,410 ) (Loss) income before income taxes $ (645 ) $ (5,426 ) $ (3,429 ) $ 448,619

DESCRIPTION OF BUSINESS, BASI_3

DESCRIPTION OF BUSINESS, BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, Description of Business (Details)	9 Months Ended
	Sep. 30, 2023 Segment
Description of Business [Abstract]
Number of reporting segments	2

DESCRIPTION OF BUSINESS, BASI_4

DESCRIPTION OF BUSINESS, BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, Property and Equipment (Details) $ in Millions	9 Months Ended
	Sep. 30, 2022 USD ($)
Property and Equipment [Abstract]
Depreciation expense	$ 15.9

DESCRIPTION OF BUSINESS, BASI_5

DESCRIPTION OF BUSINESS, BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, License Costs and Other Intangible Assets (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
License Costs And Other Intangible Assets [Abstract]
Amortization expense of license costs and other intangible assets	$ 0	$ 0	$ 0	$ 1,900
License Costs [Member]
License Costs And Other Intangible Assets [Abstract]
Finite-Lived Intangible Assets, Net	0		0		$ 0
Other Intangible Assets [Member]
License Costs And Other Intangible Assets [Abstract]
Finite-Lived Intangible Assets, Net	$ 0		$ 0		$ 0

DESCRIPTION OF BUSINESS, BASI_6

DESCRIPTION OF BUSINESS, BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, Interest Cost Incurred (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Interest Cost Incurred [Abstract]
Interest cost incurred and expensed	$ 0	$ 0	$ 0	$ 23

DESCRIPTION OF BUSINESS, BASI_7

DESCRIPTION OF BUSINESS, BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, Supplemental Cash Flow Disclosure (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Supplemental Cash Flow Disclosure [Abstract]
Net change in current and long- term construction accounts payables		$ 7.5
Interest paid, net of capitalized interest	$ 0	$ 22.9

SALE OF OPERATIONS, 2degrees -

SALE OF OPERATIONS, 2degrees - New Zealand Segment (Details) $ in Thousands, $ in Millions				3 Months Ended
	May 19, 2022 USD ($)		May 19, 2022 NZD ($)	Jun. 30, 2022 USD ($)	Sep. 30, 2023 USD ($)	Sep. 30, 2023 NZD ($)	Jun. 30, 2023 USD ($)	Jun. 30, 2023 NZD ($)	Dec. 31, 2022 USD ($)	May 19, 2022 NZD ($)	Dec. 31, 2021 NZD ($)
Disposal Group, Including Discontinued Operation, Income Statement, Balance Sheet and Additional Disclosures [Abstract]
Escrow consideration					$ 0				$ 14,115
2degrees [Member]
Disposal Group, Including Discontinued Operation, Income Statement, Balance Sheet and Additional Disclosures [Abstract]
Percentage of equity interest available for sale											100%
Equity value											$ 1,315
Ownership percentage											73.20%
Percentage of equity interest sold	73.20%									73.20%
Net consideration	$ 600,712	[1]								$ 930
Adjustments	21,000		$ 33
Gain on sale of operation	$ 443,240			$ 443,300
Escrow consideration							$ 13,700	$ 22.3		$ 22
Interest accrued in escrowed amount						$ 0.6
Remaining outstanding balance in escrow					$ 200	$ 0.3
[1]Net consideration was reduced in the second quarter of 2023 by $18 thousand NZD ($11 thousand) in connection with certain agreed-upon purchase price adjustments paid to Voyage Digital

SALE OF OPERATIONS, Computation

SALE OF OPERATIONS, Computation Gain on Sale of 2degrees (Details) $ in Thousands, $ in Thousands			3 Months Ended			9 Months Ended
	May 19, 2022 USD ($)		Sep. 30, 2023 USD ($)	Sep. 30, 2022 USD ($)	Jun. 30, 2022 USD ($)	Sep. 30, 2023 USD ($)	Sep. 30, 2022 USD ($)	Jun. 30, 2023 USD ($)	Jun. 30, 2023 NZD ($)	May 19, 2022 NZD ($)
Disposal Group, Including Discontinued Operation, Income Statement, Balance Sheet and Additional Disclosures [Abstract]
Income before income taxes			$ (645)	$ (5,426)		$ (3,429)	$ 448,619
New Zealand [Member]
Disposal Group, Including Discontinued Operation, Income Statement, Balance Sheet and Additional Disclosures [Abstract]
Income before income taxes attributable to TIP							25,900
New Zealand [Member] | Operating Segments [Member]
Disposal Group, Including Discontinued Operation, Income Statement, Balance Sheet and Additional Disclosures [Abstract]
Income before income taxes							$ 35,400
2degrees [Member]
Current assets [Abstract]
Cash, cash equivalents and restricted cash	$ 39,090
Accounts receivable, net	37,876
Inventory	10,222
Prepaid expenses and other current assets	29,097
Total current assets	151,530
Property and equipment, net	261,894
Operating lease ROU assets, net	62,758
License costs, goodwill and other intangible assets, net	33,118
Deferred income taxes	21,882
Other assets	37,232
Total assets	599,467
Current liabilities [Abstract]
Accounts payable	4,231
Construction accounts payable	11,750
Current portion of debt and financing lease liabilities	205,493
Customer deposits and unearned revenue	20,611
Short-term operating lease liabilities	8,338
Other current liabilities and accrued expenses	64,787
Total current liabilities	315,210
Long-term debt and financing lease liabilities	395
Non-current operating lease liabilities	68,172
Other non-current liabilities	18,327
Total liabilities	402,104
Net assets sold	197,363
Disposal Group, Including Discontinued Operation, Income Statement, Balance Sheet and Additional Disclosures [Abstract]
Net consideration	600,712	[1]								$ 930,000
Less: Net assets sold	(197,363)
Carrying amount of noncontrolling interests	42,709
Accumulated other comprehensive loss attributable to TIP Inc.	(2,818)
Gain on sale of operation	443,240				$ 443,300
Escrow deposit purchase price adjustment								$ 11	$ 18
2degrees [Member] | Current Assets [Member]
Current assets [Abstract]
EIP receivables, net	35,245
2degrees [Member] | Noncurrent Assets [Member]
Current assets [Abstract]
EIP receivables, net	$ 31,053
[1]Net consideration was reduced in the second quarter of 2023 by $18 thousand NZD ($11 thousand) in connection with certain agreed-upon purchase price adjustments paid to Voyage Digital

SALE OF OPERATIONS, NuevaTel -

SALE OF OPERATIONS, NuevaTel - Bolivia Segment (Details) - NuevaTel [Member] - USD ($) $ in Thousands	May 14, 2022	Mar. 28, 2022
Disposal Group, Including Discontinued Operation, Income Statement, Balance Sheet and Additional Disclosures [Abstract]
Ownership percentage		71.50%
Gain on sale of operation	$ 14,454

SALE OF OPERATIONS, Computati_2

SALE OF OPERATIONS, Computation of Gain on Sale of NuevaTel (Details) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
	May 14, 2022	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Disposal Group, Including Discontinued Operation, Income Statement, Balance Sheet and Additional Disclosures [Abstract]
Loss before income taxes		$ (645)	$ (5,426)	$ (3,429)	$ 448,619
Bolivia [Member]
Disposal Group, Including Discontinued Operation, Income Statement, Balance Sheet and Additional Disclosures [Abstract]
Loss before income taxes attributable to TIP					(6,800)
Operating Segments [Member] | Bolivia [Member]
Disposal Group, Including Discontinued Operation, Income Statement, Balance Sheet and Additional Disclosures [Abstract]
Loss before income taxes					$ (9,500)
NuevaTel [Member]
Current assets [Abstract]
Cash, cash equivalents and restricted cash	$ 11,944
Accounts receivable and EIP receivables, net	24,486
Inventory	1,497
Prepaid expenses and other current assets	12,041
Total current assets	49,968
Property and equipment, net	38,092
Operating lease ROU assets, net	50,612
License costs and other intangible assets, net	33,700
Other assets	6,356
Total assets	178,728
Current liabilities [Abstract]
Accounts payable	17,110
Construction accounts payable	2,275
Current portion of debt and financing lease liabilities	23,989
Customer deposits and unearned revenue	1,922
Short-term operating lease liabilities	10,555
Other current liabilities and accrued expenses	42,031
Total current liabilities	97,882
Long-term debt and financing lease liabilities	8,190
Non-current operating lease liabilities	89,210
Other non-current liabilities	4,646
Total liabilities	199,928
Net liabilities sold	(21,200)
Disposal Group, Including Discontinued Operation, Income Statement, Balance Sheet and Additional Disclosures [Abstract]
Net consideration	0
Add: Net liabilities sold	21,200
Carrying amount of noncontrolling interests	(6,746)
Gain on sale of operation	$ 14,454

SALE OF OPERATIONS, Activities,

SALE OF OPERATIONS, Activities, Acceleration of Equity Compensation Vesting (Details) - USD ($) shares in Millions, $ in Millions	3 Months Ended	9 Months Ended
	Jun. 30, 2022	Sep. 30, 2022	May 19, 2022
General and Administrative Expenses [Member]
Disposal Group, Including Discontinued Operation, Income Statement, Balance Sheet and Additional Disclosures [Abstract]
Severance benefits	$ 5.9
2degrees [Member]
Disposal Group, Including Discontinued Operation, Income Statement, Balance Sheet and Additional Disclosures [Abstract]
Unrecognized compensation costs	$ 3
Service-based share options vested (in shares)			25.7
2degrees and NuevaTel [Member]
Disposal Group, Including Discontinued Operation, Income Statement, Balance Sheet and Additional Disclosures [Abstract]
Professional fees		$ 2

EIP RECEIVABLES, EIP Receivable

EIP RECEIVABLES, EIP Receivables (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2023	Dec. 31, 2022
Accounts Receivable Financing [Abstract]
EIP receivables	$ 0	$ 0
2degrees [Member] | New Zealand [Member] | Maximum [Member]
Accounts Receivable Financing [Abstract]
Installment period for wireless subscribers	36 months
NuevaTel [Member] | Bolivia [Member] | Maximum [Member]
Accounts Receivable Financing [Abstract]
Installment period for wireless subscribers		36 months

EIP RECEIVABLES, Impact of the

EIP RECEIVABLES, Impact of the Sales of EIP Receivables (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2022
Financing Receivable, Sale and Reclassification to Held-for-Sale [Abstract]
EIP receivables derecognized	$ 0	$ 7,346
Cash proceeds		(6,758)
Reversal of unamortized imputed discount		(436)
Reversal of allowance for doubtful accounts		(439)
Pre-tax gain on sales of EIP receivables		$ (287)

OTHER CURRENT LIABILITIES AND_3

OTHER CURRENT LIABILITIES AND ACCRUED EXPENSES (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
OTHER CURRENT LIABILITIES AND ACCRUED EXPENSES [Abstract]
Payroll, severance and other employee benefits	$ 593	$ 6,779
Other	288	538
Other current liabilities and accrued expenses	$ 881	$ 7,317

FAIR VALUE MEASUREMENTS, Assets

FAIR VALUE MEASUREMENTS, Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Transfers, Net [Abstract]
Transfers out of Level 3	$ 0	$ 0
Recurring [Member]
Assets [Abstract]
Total assets	0		$ 0
Liabilities [Abstract]
Forward exchange contracts			359
Total liabilities	$ 0		359
Recurring [Member] | Level 1 [Member]
Liabilities [Abstract]
Forward exchange contracts			0
Total liabilities			0
Recurring [Member] | Level 2 [Member]
Liabilities [Abstract]
Forward exchange contracts			359
Total liabilities			359
Recurring [Member] | Level 3 [Member]
Liabilities [Abstract]
Forward exchange contracts			0
Total liabilities			$ 0

DERIVATIVE FINANCIAL INSTRUME_3

DERIVATIVE FINANCIAL INSTRUMENTS, Interest Rate Swaps (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Interest Rate Swaps [Member] | 2degrees [Member]
Interest Rate Swaps [Abstract]
Interest rate swap balance	$ 0	$ 0

DERIVATIVE FINANCIAL INSTRUME_4

DERIVATIVE FINANCIAL INSTRUMENTS, Summarized Financial Information for Derivative Financial Instruments (Details) - Interest Rate Swaps [Member] $ in Thousands	9 Months Ended
	Sep. 30, 2022 USD ($)
Derivative, Fair Value [Abstract]
Non-cash gain from change in fair value recorded in Other, net	$ 2,946
Net cash settlement	$ 335

DERIVATIVE FINANCIAL INSTRUME_5

DERIVATIVE FINANCIAL INSTRUMENTS, Forward Exchange Contract (Details) - Foreign Exchange Contract [Member] - 2degrees [Member] $ in Millions, $ in Millions			3 Months Ended		9 Months Ended
	May 19, 2022 NZD ($)	May 19, 2022 USD ($)	Sep. 30, 2023 USD ($)	Sep. 30, 2022 USD ($)	Sep. 30, 2022 USD ($)	Dec. 31, 2022 NZD ($)	Dec. 31, 2022 USD ($)	Jun. 30, 2022	May 31, 2022
Forward Exchange Contracts [Abstract]
Foreign exchange sliding scale rates								0.6677	0.6688
Debt related obligations amount	$ 674	$ 450
Forward exchange contract balances			$ 0				$ 0
Other, Net [Member]
Forward Exchange Contracts [Abstract]
Foreign exchange gain (loss)			$ 0	$ 0	$ 16.6
Sell NZD [Member]
Forward Exchange Contracts [Abstract]
Short-term forward exchange contracts						$ 20
Buy USD [Member]
Forward Exchange Contracts [Abstract]
Short-term forward exchange contracts							$ 12.3

EQUITY, TIP Inc. Capital Struct

EQUITY, TIP Inc. Capital Structure (Details) $ / shares in Units, $ in Millions, $ in Millions	1 Months Ended		3 Months Ended			9 Months Ended
	Jul. 31, 2023 USD ($) $ / shares	Jul. 31, 2023 CAD ($)	Sep. 30, 2023 USD ($) $ / shares shares	Jun. 30, 2022 USD ($) $ / shares	Jun. 30, 2022 CAD ($)	Sep. 30, 2023 Class $ / shares shares	Dec. 31, 2022 $ / shares shares	Sep. 30, 2021 USD ($)
TIP Inc. Capital Structure [Abstract]
Number of classes of shares | Class						2
Common stock, no par value (in dollars per share) | $ / shares			$ 0			$ 0	$ 0
Special voting stock, shares outstanding (in shares)			0			0
Common stock, shares outstanding (in shares)			88,627,593			88,627,593	88,627,593
Common stock votes per share						one vote for each share
Cash dividend paid to shareholders	$ 20.8	$ 27.5		$ 115.8	$ 150
Dividend paid per common share (in dollars per share) | $ / shares	$ 0.23			$ 1.31
New Island Cellular LLC [Member]
TIP Inc. Capital Structure [Abstract]
Cash dividend paid to shareholders | $			$ 0.5	$ 2.8
Aggregate principal amount | $								$ 6.2
Number of common shares issued in connection with redemption (in shares)						2,129,623

EQUITY, Trilogy LLC Capital Str

EQUITY, Trilogy LLC Capital Structure (Details)	9 Months Ended
	Sep. 30, 2023 Class shares
Trilogy LLC Capital Structure [Abstract]
Number of classes of units	2
Trilogy LLC's [Member]
Trilogy LLC Capital Structure [Abstract]
Equity ownership percentage	100%
Number of classes of units	3
Class B Units [Member] | Trilogy LLC's [Member]
Trilogy LLC Capital Structure [Abstract]
Common units outstanding (in shares) | shares	88,627,593

REVENUE FROM CONTRACTS WITH C_3

REVENUE FROM CONTRACTS WITH CUSTOMERS, Revenue from Contracts with Customers (Details)	9 Months Ended
	Sep. 30, 2023 Segment
REVENUE FROM CONTRACTS WITH CUSTOMERS [Abstract]
Number of reportable segments	2

REVENUE FROM CONTRACTS WITH C_4

REVENUE FROM CONTRACTS WITH CUSTOMERS, Disaggregated Reported Revenue by Category (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Disaggregation of Revenue [Abstract]
Revenues	$ 0	$ 0	$ 0	$ 238,517
Postpaid Wireless [Member]
Disaggregation of Revenue [Abstract]
Revenues				96,559
Prepaid Wireless [Member]
Disaggregation of Revenue [Abstract]
Revenues				56,054
Fixed Broadband Service [Member]
Disaggregation of Revenue [Abstract]
Revenues				42,498
Equipment Sales [Member]
Disaggregation of Revenue [Abstract]
Revenues	0	0	0	38,096
Other Wireless Service And Other Revenues [Member]
Disaggregation of Revenue [Abstract]
Revenues				5,310
New Zealand [Member]
Disaggregation of Revenue [Abstract]
Revenues	0	0	0	199,060
New Zealand [Member] | Postpaid Wireless [Member]
Disaggregation of Revenue [Abstract]
Revenues				79,133
New Zealand [Member] | Prepaid Wireless [Member]
Disaggregation of Revenue [Abstract]
Revenues				38,620
New Zealand [Member] | Fixed Broadband Service [Member]
Disaggregation of Revenue [Abstract]
Revenues				40,356
New Zealand [Member] | Equipment Sales [Member]
Disaggregation of Revenue [Abstract]
Revenues				38,042
New Zealand [Member] | Other Wireless Service And Other Revenues [Member]
Disaggregation of Revenue [Abstract]
Revenues				2,909
Bolivia [Member]
Disaggregation of Revenue [Abstract]
Revenues	$ 0	$ 0	$ 0	39,369
Bolivia [Member] | Postpaid Wireless [Member]
Disaggregation of Revenue [Abstract]
Revenues				17,426
Bolivia [Member] | Prepaid Wireless [Member]
Disaggregation of Revenue [Abstract]
Revenues				17,434
Bolivia [Member] | Fixed Broadband Service [Member]
Disaggregation of Revenue [Abstract]
Revenues				2,142
Bolivia [Member] | Equipment Sales [Member]
Disaggregation of Revenue [Abstract]
Revenues				54
Bolivia [Member] | Other Wireless Service And Other Revenues [Member]
Disaggregation of Revenue [Abstract]
Revenues				2,313
Other Country [Member]
Disaggregation of Revenue [Abstract]
Revenues				88
Other Country [Member] | Postpaid Wireless [Member]
Disaggregation of Revenue [Abstract]
Revenues				0
Other Country [Member] | Prepaid Wireless [Member]
Disaggregation of Revenue [Abstract]
Revenues				0
Other Country [Member] | Fixed Broadband Service [Member]
Disaggregation of Revenue [Abstract]
Revenues				0
Other Country [Member] | Equipment Sales [Member]
Disaggregation of Revenue [Abstract]
Revenues				0
Other Country [Member] | Other Wireless Service And Other Revenues [Member]
Disaggregation of Revenue [Abstract]
Revenues				$ 88

REVENUE FROM CONTRACTS WITH C_5

REVENUE FROM CONTRACTS WITH CUSTOMERS, Changes in Contract Assets Balance (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2022	Jun. 30, 2022
REVENUE FROM CONTRACTS WITH CUSTOMERS [Abstract]
Contract assets	$ 0	$ 0
Change in Contract Assets [Abstract]
Beginning balance	1,413
Increase resulting from new contracts	2,897
Contract assets reclassified to a receivable or collected in cash	(1,300)
Foreign currency translation	(80)
Sale of operations	(2,930)
Ending balance	$ 0

REVENUE FROM CONTRACTS WITH C_6

REVENUE FROM CONTRACTS WITH CUSTOMERS, Changes in Contract Liabilities Deferred Revenue Balance (Details) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2022 USD ($)	Sep. 30, 2022 USD ($)
REVENUE FROM CONTRACTS WITH CUSTOMERS [Abstract]
Customer liability	$ 0	$ 0
Change in Contract Liabilities Deferred Revenue [Abstract]
Balance	0	25,851
Net increase in deferred revenue		21,194
Revenue recognized related to the balance existing at January 1	0	(23,633)	[1]
Foreign currency translation		(879)
Sale of operations		(22,533)
Balance	$ 0	$ 0
[1]There was no

REVENUE FROM CONTRACTS WITH C_7

REVENUE FROM CONTRACTS WITH CUSTOMERS, Contract Costs (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Sep. 30, 2022	Jun. 30, 2022	Dec. 31, 2021
Contract Costs [Abstract]
Contract costs		$ 0	$ 0	$ 18,628
Minimum [Member]
Contract Costs [Abstract]
Capitalized contract cost amortization period	1 year
Maximum [Member]
Contract Costs [Abstract]
Capitalized contract cost amortization period	3 years
Maximum [Member] | Accounting Standards Update 2014-09 [Member]
Contract Costs [Abstract]
Capitalized contract cost amortization period	1 year

REVENUE FROM CONTRACTS WITH C_8

REVENUE FROM CONTRACTS WITH CUSTOMERS, Changes in Contract Costs Balance (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2022	Jun. 30, 2022
REVENUE FROM CONTRACTS WITH CUSTOMERS [Abstract]
Contract costs	$ 0	$ 0
Changes in Contract Costs [Abstract]
Balance	18,628
Incremental costs of obtaining and contract fulfillment costs	4,936
Amortization and impairment included in operating costs	(6,078)
Foreign currency translation	(610)
Sale of operations	(16,876)
Balance	$ 0

EARNINGS PER SHARE (Details)

EARNINGS PER SHARE (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Outstanding warrants [Abstract]
Warrants outstanding (in shares)	0	0	0	0
Numerator [Abstract]
Net (loss) income attributable to TIP Inc.	$ (646)	$ (5,426)	$ (3,499)	$ 433,704
Denominator [Abstract]
Basic weighted average Common Shares outstanding (in shares)	88,627,593	88,627,603	88,627,593	87,580,236
Net (loss) income per share [Abstract]
Basic (in dollars per share)	$ (0.01)	$ (0.06)	$ (0.04)	$ 4.95
Effect of dilutive securities [Abstract]
Unvested RSUs (in shares)	0	0	0	734,719
Diluted weighted average Common Shares outstanding (in shares)	88,627,593	88,627,603	88,627,593	88,314,955
Net (loss) income per share [Abstract]
Diluted (in dollars per share)	$ (0.01)	$ (0.06)	$ (0.04)	$ 4.91

LEASES, Components of Lease Cos

LEASES, Components of Lease Cost (Details) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Operating Lease Costs [Abstract]
Operating lease cost	[1]	$ 53	$ 58	$ 160	$ 11,769
Finance Lease Costs [Abstract]
Total net lease cost		53	58	160	12,330
Short term lease costs					2,400
Remaining operating lease monthly cost				17
Cost of Service [Member]
Operating Lease Costs [Abstract]
Operating lease cost	[1]	0	0	0	9,473
Sales and Marketing [Member]
Operating Lease Costs [Abstract]
Operating lease cost	[1]	0	0	0	937
General and Administrative [Member]
Operating Lease Costs [Abstract]
Operating lease cost	[1]	53	58	160	1,359
Depreciation Amortization and Accretion [Member]
Finance Lease Costs [Abstract]
Amortization of ROU assets		0	0	0	421
Interest Expense [Member]
Finance Lease Costs [Abstract]
Interest on lease liabilities		$ 0	$ 0	$ 0	$ 140
[1] Operating lease costs include short-term lease costs and variable costs. Short-term lease costs for the three months ended September 30, 2022 were immaterial. Short-term lease costs for the nine months ended September 30, 2022 were $ 2.4

LEASES, Cash Flow Information f

LEASES, Cash Flow Information for Leases (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2022 USD ($)
Cash paid for amounts included in the measurement of lease liabilities [Abstract]
Operating cash flows for operating leases	$ 12,057
Operating cash flows for finance leases	140
Financing cash flows for finance leases	372
Supplemental Lease Cash Flow Disclosures [Abstract]
Operating lease ROU assets obtained in exchange for new operating lease liabilities	$ 817

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details) $ in Thousands	Sep. 30, 2023 USD ($)
Contractual Obligations [Abstract]
Outstanding Commitments	$ 0
Contingencies accrued	$ 0

SEGMENT INFORMATION, Summary (D

SEGMENT INFORMATION, Summary (Details)	9 Months Ended
	Sep. 30, 2023 Segment
SEGMENT INFORMATION [Abstract]
Number of reporting segments	2

SEGMENT INFORMATION, Financial

SEGMENT INFORMATION, Financial Information for Reportable Segments (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Segment Information [Abstract]
Revenues	$ 0	$ 0	$ 0	$ 238,517
Equity-based compensation	0	0	0	(3,572)
Transactions and other nonrecurring costs	0	(975)	0	(10,609)
Depreciation, amortization and accretion	0	(1)	(2)	(18,417)
(Loss) gain on sale of operations and disposal of assets	0	0	(11)	457,590
Interest expense	0	0	0	(22,887)
Change in fair value of warrant liability	0	0	0	105
Debt extinguishment costs	0	0	0	(8,527)
Other, net	97	(2,018)	594	13,607
(Loss) income before income taxes	(645)	(5,426)	(3,429)	448,619
New Zealand [Member]
Segment Information [Abstract]
Revenues	0	0	0	199,060
Bolivia [Member]
Segment Information [Abstract]
Revenues	0	0	0	39,369
Operating Segments [Member] | New Zealand [Member]
Segment Information [Abstract]
Adjusted EBITDA	0	0	0	51,530
(Loss) income before income taxes				35,400
Operating Segments [Member] | Bolivia [Member]
Segment Information [Abstract]
Adjusted EBITDA	0	0	0	209
(Loss) income before income taxes				(9,500)
Unallocated corporate & eliminations [Member]
Segment Information [Abstract]
Revenues	0	0	0	88
Adjusted EBITDA	$ (742)	$ (2,432)	$ (4,010)	$ (10,410)