The British mobile phone company, Vodafone Group, has confirmed that it
will buy the majority stake of the Canadian company Telesystem
International Wireless (TIW) in Oskar Mobil, the smallest of the three
Czech cell phone operators. Vodafone, which will also buy TIW's
shareholdings in Romania's MobiFon, will pay 3.5 billion US dollars for
both operators. The purchase in Oskar, which has an estimated 17
percent share of the Czech market, will cost the British company around
one billion dollars.