TIW shareholders approve wireless sale to Vodafone

MONTREAL-Telesystem International Wireless Inc. said its shareholders approved the sale of its indirect interest in ClearWave N.V. to Vodafone International Holdings B.V. for $3.5 billion and the assumption of about $950 million in net debt.

A total of 143.7 million votes were cast at the special meeting held Thursday, representing 66.7 percent of the common shares outstanding, and 99.7 percent voted in favor of the transaction.

ClearWave includes 79 percent of Romania’s MobiFon S.A. and 100 percent of Oskar Mobil in the Czech Republic. The deal was first announced in March.