TIW CZECH N.V
Information and Communication Technologies
07 Dec 2000
22 May 2001
Proposed US$ 25 million equity investment in TIW Czech N.V., a provider of wireless telecommunications services in the Czech Republic through its operating subsidiary Ceský Mobil
The EBRD involvement would support a planned flotation and further development of this entrepreneurial telecommunications operator in the Czech Republic. The proceeds will be used to fund Ceský Mobil's network development.
The project would promote sustainable expansion of the telecommunications network and foster the emergence of innovative and advanced services that are crucial for the overall competitiveness of businesses in the region. In particular, the Bank’s investment will help promote competition and stimulate customer choice in the Czech Republic by facilitating the entry of a new international mobile operator in the market.
TIW Czech N.V. is a provider of wireless telecommunications services in the Czech Republic, with Ceský Mobil as its sole operating subsidiary. Ceský Mobil won a third licence to operate dual band GSM 900/1800 networks in October 1999 and has been providing commercial services since March 2000. TIW Czech is controlled by ClearWave N.V, a wholly owned subsidiary of Telesystem International Wireless Inc., the Canadian-based global wireless operator listed on the Toronto Stock Exchange and Nasdaq.
The EBRD is making a US$ 25 million equity investment in TIW Czech as part of a US$ 130 million capital increase alongside existing shareholders including the sponsor, Telesystem International Wireless Inc.
US$ 130 million
The project has been classified as C/0 and therefore does not require an environmental analysis or environmental audit. There are unlikely to be any environmental issues of significance associated with this operation.
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