MONTREAL-Telesystem International Wireless Inc. said it received court approval for a first distribution to its shareholders of $3.5 billion, or $15.76 per fully diluted common share.
The superior court for the district of Montreal issued the order. TIW said the distribution will be made through a reduction of the stated capital of common shares of $14.26 per fully diluted common share and a dividend of $1.50 per fully diluted common share.
TIW recently solid its European wireless assets to Vodafone Group plc.
