Canada’s Telesystem International Wireless (TIW) is set to increase its stake in Romanian subsidiary MobiFon from 50.1% to 56% through the acquisition of a 5.9% stake from Emerging Markets Partnership (Europe) in return for which the latter will receive for 12,971,119 common shares, or 11% of TIW. The two companies have already entered into an agreement to discuss the transaction, which TIW hopes will be an important step in the simplification of its corporate structure.