Telesystem Int'l adds to European customer base
Telesystem International Wireless Inc (3) TIW
Shares issued 97,262,886 Jan 7 close $12.52
Thu 8 Jan 2004 News Release
Mr. Jacques Lacroix reports
TIW EXCEEDS FIVE MILLION SUBSCRIBERS IN CENTRAL AND EASTERN EUROPE
Telesystem International Wireless's operating subsidiaries in Central
Europe and Eastern Europe, MobiFon SA and Cesky Mobil AS, have exceeded the
five-million-subscriber mark.
MobiFon, which operates under the brand name Connex in Romania, added
approximately 495,000 net subscribers during the fourth quarter, reaching
approximately 3,457,000 subscribers at the end of 2003. Postpaid net
additions reached 38.8 per cent of total net additions during the quarter
resulting in a 63/37 prepaid/postpaid mix at the end of December.
Cesky Mobil, which operates under the brand name Oskar in the Czech
Republic, added approximately 109,000 net subscribers during the fourth
quarter, reaching approximately 1,547,000 subscribers at the end of 2003.
Postpaid net additions reached 61.0 per cent of total net additions during
the quarter resulting in a 57/43 prepaid/postpaid mix at the end of
December.
"Record levels of subscriber growth in the last two quarters of 2003 and
the sustained proportion of postpaid subscribers reaffirms MobiFon as the
market leader in Romania," said Bruno Ducharme, president and chief
executive officer of TIW. "Continued strong subscriber growth experienced
at Cesky Mobil, especially in the postpaid segment, validates the
effectiveness of its marketing programs and product offerings," added Mr.
Ducharme.
WARNING: The company relies upon litigation protection for
"forward-looking" statements.
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