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...
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...
LONDON-Global wireless carrier Vodafone Group plc said it reached agreements with Telesystem International Wireless Inc. of Canada to acquire about 79 percent of Romania's MobiFon S.A., increasing its ownership to 99 percent, and 100 percent of Oskar Mobil in the Czech Republic for $3.5...
LONDON-Wireless carriers Vodafone Group plc and Telesystem International Wireless Inc. said they are in discussions regarding the possible sale of TIW's wireless interests in Eastern Europe.Vodafone said any offer it makes would equate to a value per TIW share close to the closing share...
MONTREAL-Canadian carrier Telesystem International Wireless Inc. said its common shares have been approved for trading on the Nasdaq National Market. The company's common shares are currently trading on the Nasdaq SmallCap Market and will be moved up for trading on the national market under...
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...
MONTREAL-Canadian company Telesystem International Wireless and ClearWave said they will acquire a 3.62-percent stake in Czech mobile operator Cesky Mobil from Ceska Konsolidacni Agentura, a Czech state-owned agency. TIW and ClearWave, through their TIW Czech subsidiary, will buy the stake for $17 million, which...
MONTREAL-Telesystem International Wireless Inc.'s indirect subsidiary MobiFon Holdings B.V., which holds TIW's 57.1-percent equity interest in Romanian GSM service provider MobiFon S.A., has begun the private offering of $230 million of senior notes due 2009.MobiFon Holdings will use the proceeds to repay intercompany loans...
MONTREAL-Canadian company Telesystem International Wireless said it sold its 49-percent stake in Telpart Participacoes, which controls Brazilian operators Telemig Celular Participacoes and Tele Norte Celular Partcicipacoes, to Highlake International Business Company for $70 million.Highlake is an affiliate of Opportunity Fund, and outstanding litigation between...
MONTREAL-Telesystem International Wireless (TIW) and ClearWave said they reached an agreement with Emerging Markets Partnership (WMP) on the sale of the 5.68-percent stake of Romanian operator MobiFon held by ClearWave for US$42.5 million.ClearWave said it will use the proceeds of the sale to repay...
TORONTO-Telesystem International Wireless (TIW) shares fell to a record low after the company posted a large second-quarter loss and took a charge against its Brazilian wireless operation.The company's shares fell 28 Canadian cents (US$0.18) to 39 Canadian cents (US$0.25) on the Toronto Stock Exchange.The...
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,...
MONTREAL—Telesystem International Wireless Inc. announced it will extend its purchase offer for all of its outstanding units, and the offer will now expire at 5 p.m. Montreal time on February 28, 2002. Before it expires, the company plans to re-launch the offer further amended...
MONTREAL—Telesystem International Wireless Inc. said holders of about 97.3 percent of its 7-percent equity subordinated debentures (ESD) maturing Feb. 15 have tendered their debentures or given consent under TIW's purchase offer and consent request. TIW further said it will take up the units tendered...
MONTREAL—Telesystem International Wireless Inc. released a reminder to holders of its outstanding seven-percent equity subordinated debentures (ESDs) due Feb. 15, 2002, and holders of its outstanding units that its amended purchase for all outstanding ESDs and units expires at noon, Montreal time, Monday Feb....
MONTREAL—Telesystem International Wireless Inc. announced several financial moves it has taken as part of its overall recapitalization plan announced last November.The company has given notice to extend its purchase offer for all its outstanding units in exchange for 5.46 subordinate voting shares of TIW...
MONTREAL—Telesystem International Wireless Inc. said it has given notice to extend its purchase offer for all outstanding units in exchange for 5.46 subordinate voting shares of TIW for each unit tendered. Unless further extended or withdrawn, the offer, which is part of the company's...
MONTREAL—Telesystem International Wireless (TIW) announced it has sent the maturity notice for the 7-percent Equity Subordinated Debentures (ESD) due 15 February, 2002, and has advised registered ESD holders that it will repay the ESD principal amount of approximately US$94 million. If TIW is successful...
MONTREAL—Telesystem International Wireless Inc. announced it has sent the maturity notice for the 7 percent equity subordinated debentures due February 15, 2002, and has advised registered ESD holders that it will repay the ESD principal amount of approximately $94 million. If TIW is successful...
MONTREAL—Telesystem International Wireless (TIW) announced its investors have agreed to a recapitalization plan, including the restructuring of its subordinated debentures and an increase in its economic ownership in ClearWave.The company's investors, Capital Communications CDPQ, U.F. Investments, an affiliate of Hutchison Whampoa, certain affiliates of...
MONTREAL—Telesystem International Wireless Inc. (TIW) announced its investors have agreed to a recapitalization plan including the restructuring of its subordinated debentures and an increase in its economic ownership in ClearWave N.V.The company's investors, Capital Communications CDPQ Inc., U.F. Investments Ltd., an affiliate of Hutchison...
Berliner Communications Inc.Doreen Trant has been promoted to chief operating officer of Berliner Communication Inc. Trant previously served as the company's vice president of sales and marketing. She will now be responsible for service disciplines including RF engineering, site acquisition, construction, project management,...
