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 price on March 8.
Oskar operates a GSM/GPRS network in the Czech Republic and is owned 99.87 percent by TIW. It was awarded a UMTS license in December and had 1.83 million subscribers at the end of 2004, according to the RCR Wireless News International Mobile Carrier Database.
Mobifon is a Romanian GSM/GPRS wireless carrier owned 79 percent by TIW. Vodafone already holds a 20-percent stake in Mobifon. The carrier had nearly 5 million subscribers at the end of 2004 and holds a UMTS license, according to the International Mobile Carrier Database.
Both companies said any further announcements regarding the possible sale would be made if an agreement is reached.
