International Wireless

TORONTO-Shares of Telesystem International Wireless (TIW) rose Wednesday after the wireless phone network operator announced its Romanian subsidiary MobiFon had closed US$300 million in loans to repay existing debts and fund new growth (see related news under “Europe”). TIW stock …

BERLIN-Deutsche Telekom AG’s recently appointed chief executive officer told a German newspaper last week that the company would accelerate a restructuring program and might pull out of some foreign markets in an attempt to reduce its considerable debt load. Helmut …

TORONTO-Telesystem International Wireless (TIW) shares fell to a record low after the company posted a large second-quarter loss and took a charge against its Brazilian wireless operation. The company’s shares fell 28 Canadian cents (US$0.18) to 39 Canadian cents (US$0.25) …

During the past two years, one event after another has left the international wireless landscape looking like a battleground, with numerous casualties and few, if any, players left unscathed. Spectrum auctions in the United States and Europe have helped lead …

BOCA RATON, Fla.-Wireless messaging company Esemde Inc. and Koala International Wireless Inc. announced they have dropped plans for Koala to acquire Esemde. “It was mutually agreed that both companies should adhere to their respective original corporate intentions and business plans,” …

BEDMINSTER, N.J.—Verizon Wireless unveiled three international calling options including lower international calling rates, expanded prepaid offerings and an International Wireless program for customers calling abroad. The international calling rates will allow customers to call more than 160 countries for either …

MONTREAL—Telesystem International Wireless said its indirect subsidiary MobiFon in Romania paid a first $11.4 million installment on a $26.6 million dividend declared on March 27. Romanian operator MobiFon is held through ClearWave, which is responsible for a $7.3 million portion …

WOBURN, Mass.—Graham F. Paxton will serve as International Wireless Inc.’s new president and chief executive officer, the company announced. Paxton, who will start work May 1, formerly worked as president and CEO of Siemens Information and Communication Mobile L.L.C. International …

BUCHAREST, Romania—Nortel Networks said it signed a contract with Connex to deploy packetized voice and data networks using Nortel’s softswitches and multiservice switches. “Connex will become the first service provider to leverage G729, an internationally accepted voice compression standard in …

MONTREAL—Telesystem International Wireless Inc. said it has completed its units issuer bid, a nine-month recapitalization process during which the company has reduced its corporate debt by about $700 million. “Not only has TIW achieved one of the most important de-leveraging …

MONTREAL—Telesystem International Wireless Inc. announced it will extend its purchase offer for all of its outstanding units, and the offer will now expire at 5 p.m. Montreal time on February 28, 2002. Before it expires, the company plans to re-launch …

MONTREAL—Telesystem International Wireless Inc. said holders of about 97.3 percent of its 7-percent equity subordinated debentures (ESD) maturing Feb. 15 have tendered their debentures or given consent under TIW’s purchase offer and consent request. TIW further said it will take …

MONTREAL—Telesystem International Wireless Inc. released a reminder to holders of its outstanding seven-percent equity subordinated debentures (ESDs) due Feb. 15, 2002, and holders of its outstanding units that its amended purchase for all outstanding ESDs and units expires at noon, …

ANNAPOLIS, Md.—Under a deal with international wireless infrastructure provider Netsize, TeleCommunication Systems Inc. said it expanded its short message service system to allow customers to send messages across the Atlantic Ocean. TCS customers in the United Kingdom will be able …

MONTREAL—Telesystem International Wireless Inc. announced several financial moves it has taken as part of its overall recapitalization plan announced last November. The company has given notice to extend its purchase offer for all its outstanding units in exchange for 5.46 …

MONTREAL—Telesystem International Wireless (TIW) has given notice to extend its purchase offer and consent request related to its outstanding 7-percent equity subordinated debentures maturing 15 February, 2002. The offer, part of TIW’s recently announced overall recapitalization plan, will now expire …

MONTREAL—Telesystem International Wireless Inc. said it has given notice to extend its purchase offer for all outstanding units in exchange for 5.46 subordinate voting shares of TIW for each unit tendered. Unless further extended or withdrawn, the offer, which is …

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SANTA BARBARA, Calif.—Superconductor Technologies Inc. said it will introduce the IMT-2000 SuperFilter Tower Top System next week at the 3G Mobile World Summit in Japan. The product is a cryogenic receiver front-end system designed for international markets adopting 3G wireless …

MONTREAL—Telesystem International Wireless (TIW) announced it has sent the maturity notice for the 7-percent Equity Subordinated Debentures (ESD) due 15 February, 2002, and has advised registered ESD holders that it will repay the ESD principal amount of approximately US$94 million. …

MONTREAL—Telesystem International Wireless Inc. announced it has sent the maturity notice for the 7 percent equity subordinated debentures due February 15, 2002, and has advised registered ESD holders that it will repay the ESD principal amount of approximately $94 million. …

MONTREAL—Telesystem International Wireless (TIW) announced its investors have agreed to a recapitalization plan, including the restructuring of its subordinated debentures and an increase in its economic ownership in ClearWave. The company’s investors, Capital Communications CDPQ, U.F. Investments, an affiliate of …

MONTREAL—Telesystem International Wireless Inc. (TIW) announced its investors have agreed to a recapitalization plan including the restructuring of its subordinated debentures and an increase in its economic ownership in ClearWave N.V. The company’s investors, Capital Communications CDPQ Inc., U.F. Investments …

MONTREAL—Telesystem International Wireless (TIW) said the holders of its senior discount notes due 2007 have tendered 99.9 percent of the outstanding notes in exchange for a combination of cash and new 14-percent senior guaranteed notes due December 30, 2003. The …

MONTREAL—Telesystem International Wireless Inc. (TIW) said the holders of its senior discount notes due 2007 have tendered 99.9 percent of the outstanding notes in exchange for a combination of cash and new 14-percent senior guaranteed notes due December 30, 2003. …