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By Global Times Published: May 25, 2021 10:08 PM
A worker forklifts New Zealand products into a container to be shipped to China for the third China International Import Expo 2020 (CIIE), in Auckland, New Zealand, Sept. 18, 2020. (Xinhua)
New Zealand s independent China stance appears to be under increasing pressure these days, as reflected by the Pacific island nation s sudden warning of a possible cooling of ties with Beijing.
In an interview with the Guardian published on Monday, New Zealand Foreign Minister Nanaia Mahuta likened the trade tension between the neighboring Australia and China to a storm, saying that it may only be a matter of time before the storm gets closer to us. As such, the minster believed that exporters need to diversify and get prepared for any big change in bilateral ties with China.
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Trilogy International Partners Inc. Reports First Quarter 2021 Results
Expansion of New Zealand postpaid mobile base driven by B2B; B2B mobile customers
increased by 20% compared to the first quarter of 2020.
New Zealand Segment Adjusted EBITDA increased $4.2 million, or 15%, over the first quarter of last year on an organic basis, which excludes the impact of the new revenue standard, a year-over-year headwind of 2%, and a foreign currency exchange benefit of 13%. New Zealand Segment Adjusted EBITDA, as reported, increased by $6.8 million, or 26%, over the first quarter of last year.
Bolivian customer acquisition and revenues continue to be under pressure; however, effective cost management resulted in sequential growth of Segment Adjusted EBITDA.
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