TIW Announcement
Wednesday March 9, 9:43 am ET
MONTREAL--(BUSINESS WIRE)--March 9, 2005--
In light of press speculation, Telesystem International Wireless Inc. (the "Company" or "TIW") (TSX:TIW - News; NASDAQ:TIWI - News) confirms that it is in talks with Vodafone Group plc ("Vodafone") regarding the possible sale of its interests in MobiFon S.A. and Oskar Mobil a.s..
The Company believes that any offer from Vodafone will equate a value per share close to the current share price.
There can be no assurance that the terms, structure and other conditions of any proposal from Vodafone would be acceptable to the Company. There can therefore be no assurance that a transaction would occur. The Company intends to make no further announcements unless an agreement is reached or discussions are terminated.