MONTREAL-Telesystem International Wireless Inc. announced it closed a private placement of $300 million in 7.75-percent equity subordinated debentures convertible into TIW subordinate voting shares.
Hutchison Whampoa Ltd. and Chase Capital Partners each have invested $150 million, and Hutchison has an option to purchase an additional $50 million of convertible equity subordinated debentures upon certain events, TIW said.
The proceeds will be used by TIW to fund the deployment of its operations, including Dolphin Telecom plc, and for general corporate purposes.
