At the time of Mid Europa’s investment, MobiFon was the leading mobile communications provider in Romania, operating under the registered trade mark Connex.


Country: Romania
Industry: Mobile telecommunication
Investment Date: March 2003
Exit Date: March 2005
Fund: Fund I

In 2003, Mid Europa acquired a stake in MobiFon, which at the time was already a leading mobile communications provider in Romania with approximately 5 million subscribers, having launched the first GSM network in Romania in April 1997, and operating under the trademark Connex.

In 2004, Mid Europa exchanged its MobiFon stake for shares in Telesystem International Wireless, Inc. (TIW) and the investment was sold to Vodafone in 2005.