MONTREAL, Canada-Telesystem International Wireless Inc. announced it will acquire 13 percent of the equity of ClearWave N.V. from two institutional shareholders in exchange for cash and common shares of TIW, increasing TIW’s equity interest in ClearWave to 99.8 percent.
“With this transaction, not only do we complete a major step towards our stated objective to simplify our corporate structure but we also significantly increase our economic interest in MobiFon S.A. and Cesky Mobil a.s., our two operating subsidiaries in Romania and the Czech Republic,” said Bruno Ducharme, TIW’s president and chief executive officer.
