ClearWave Declares Dividend of US$1.69 Per Share.Business Editors/High-Tech Writers AMSTERDAM, The Netherlands and MONTREAL--(BUSINESS WIRE)--June 30, 2003 ClearWave N.V. ("ClearWave"), a subsidiary of Telesystem International Wireless Inc. ("TIW"), is pleased to announce the declaration of a dividend of US$ 1.69 per share payable on July 9, 2003, to shareholders of record at the close of business on July 2, 2003. ClearWave currently has 84,099,448 shares outstanding, of which TIW owns, directly or indirectly, 71,989,127, or 85.6%. About ClearWave N.V. and TIW TIW, through its subsidiary ClearWave N.V., is a leading cellular operator in Central and Eastern Europe The term "Central and Eastern Europe" came into wide spread use, replacing "Eastern bloc", to describe former Communist countries in Europe, after the collapse of the Iron Curtain in 1989/90. with almost 4.1 million managed subscribers. ClearWave is the market leader in Romania through MobiFon S.A. and is active in the Czech Republic through Cesky Mobil a.s. TIW's shares are listed on the Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. ("TIW") and NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on ("TIWI TIWI Telesystem International Wireless Incorporated (Montreal, Quebec, Canada) "). |
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