Telesystems International Wireless

Last updated
Telesystems International Wireless
Industry Telecommunications
Headquarters
Canada
Website tiw.ca

Telesystem International Wireless (TIW) was a Canadian-based fast-growing, global mobile communications operator. The company's shares were listed on the Montreal Exchange and the Toronto Stock Exchange ("TIW") and NASDAQ ("TIWI").

At different times TIW owned or had interest in:

By 1999, TIW boasted over two million subscribers in four geographic regions. On December 31, 2004, TIW had only two operating subsidiaries, MobiFon A.S. in Romania and Oskar Mobil a.s. in the Czech Republic, with 6.7 million subscribers. In February 2005 Oskar Mobil a.s. acquired a UMTS (also known as 3G) licence.

In March to April 2005, TIW sold its two remaining subsidiaries to Vodafone Group. In April 2005, it announced Special Meeting of Shareholders to approve a Plan of Arrangement to begin and proceed with its liquidation, including the implementation of a claims process and the distribution of net cash to shareholders, cancel its common shares and proceed with its final distribution and be dissolved.

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