TIW to up MobiFon stake

13 Jan 2004

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.

Romania, Vodafone Romania