LISBON, Portugal, July 28, 2011 (GLOBE NEWSWIRE) -- TIM W.E. SGPS, S.A. ("TIMWE") announced today that it has filed a registration statement on Form F-1 with the Securities and Exchange Commission for a proposed public offering of its common stock. Credit Suisse Securities (USA) LLC and Citigroup Global Markets Inc. will act as joint book-running managers, and Needham & Company, LLC, Pacific Crest Securities LLC, Piper Jaffray & Co., Santander Investment Securities Inc., and ThinkEquity LLC will act as the co-managers. The shares of common stock to be sold in this offering are proposed to be sold by TIMWE and certain of TIMWE's stockholders.
The offering will be made only by means of a prospectus. A written preliminary prospectus related to the offering may be obtained, when available, from the prospectus department of Credit Suisse Securities (USA) LLC, Attention: Prospectus Department, One Madison Avenue, New York, New York, 10010, or by telephone at +1 (800) 221-1037, or by email at newyork.prospectus@credit-suisse.com; or from Citigroup Global Markets Inc., Attention: Prospectus Department, Brooklyn Army Terminal, 140 58th Street, 8th Floor Brooklyn, NY 11220, or by telephone at +1(800) 831-9146, or by email at batprospectusdept@citi.com.
A registration statement relating to these securities has been filed with the SEC but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective. This release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities, in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. The offering will be made only by means of a prospectus.
About TIMWE
TIMWE (www.timwe.com">www.timwe.com) is a global provider of mobile monetization solutions. Operating in more than 75 markets in five continents, managed through 25 offices, TIMWE has a strong presence in its core Latin American market and is rapidly expanding in a number of countries in Africa, the Asia Pacific region, Europe and the Middle East.