MONTREAL—Telesystem International Wireless Inc. said it has completed its units issuer bid, a nine-month recapitalization process during which the company has reduced its corporate debt by about $700 million.
“Not only has TIW achieved one of the most important de-leveraging exercises in the telecommunications sector, it has done so while continuing to record strong operational results. TIW is now in a strong financial and operational position,” said Bruno Ducharme, president and chief executive officer of TIW. “We acknowledge the support of our stake holders in this process, as well as the dedication and perseverance of our employees.”
