Edition:
United Kingdom

Global Telecom Holding SAE (GTHE.CA)

GTHE.CA on Cairo Stock Exchange

4.76EGP
19 Feb 2019
Change (% chg)

£-0.01 (-0.21%)
Prev Close
£4.77
Open
£4.76
Day's High
£4.80
Day's Low
£4.71
Volume
17,410,166
Avg. Vol
21,581,176
52-wk High
£7.00
52-wk Low
£2.54

Latest Key Developments (Source: Significant Developments)

FRA Says VEON Holdings Submits Mandatory Offer For GTH Shares
Sunday, 10 Feb 2019 

Feb 10 (Reuters) - FINANCIAL REGULATORY AUTHORITY::SAYS VEON HOLDINGS SUBMITS MANDATORY PURCHASE OFFER FOR 2 BILLION SHARES OF GLOBAL TELECOM REPRESENTING 42.31 PERCENT OF CAPITAL AT PRICE OF EGP 5.30 PER SHARE.  Full Article

Egypt's GTH Board Approves Extension Of Maturity Of $100 Mln Facility By VEON
Thursday, 31 Jan 2019 

Jan 31 (Reuters) - GLOBAL TELECOM HOLDING ::BOARD APPROVES EXTENSION OF MATURITY OF REVOLVING CREDIT FACILITY OF $100 MILLION OFFERED BY VEON HOLDINGS, MATURING ON FEB 28, 2019.  Full Article

Global Telecom Postpones OGM On Rights Issue
Sunday, 27 Jan 2019 

Jan 27 (Reuters) - GLOBAL TELECOM HOLDING ::CHAIRMAN SAYS HAS RECEIVED LETTER FROM VEON LTD ON STRATEGIC RELATIONSHIP WITH CO INCLUDING OPTION TO TAKE CO PRIVATE.CHAIRMAN SAYS HAS RECEIVED LETTER FROM VEON IN SUPPORT OF CO'S IMMEDIATE FUNDING REQUIREMENTS FOR CERTAIN DEBT OBLIGATIONS.BOARD POSTPONES SHAREHOLDERS MEETING ON RIGHTS ISSUE TO MARCH 27 FROM JAN 28 TO CONSIDER LATEST DEVELOPMENTS.  Full Article

Global Telecom Intends To Raise Capital Via Rights Issue Of EGP 11.2 Bln
Sunday, 6 Jan 2019 

Jan 6 (Reuters) - GLOBAL TELECOM HOLDING ::ANNOUNCES INTENTION TO RAISE CAPITAL VIA RIGHTS ISSUE OF EGP 11.2 BILLION THROUGH ISSUANCE OF 19.3 BILLION NEW SHARES WITH A PAR VALUE OF EGP 0.58.PLANS RIGHTS OFFERING IN H1 2019.INTENDS TO USE NET PROCEEDS FROM RIGHTS OFFERING TO MEET COMPANY’S FINANCIAL OBLIGATIONS THROUGH TO END OF 2019.RIGHTS ISSUE WILL BE OFFERED PRO-RATA TO EXISTING SHAREHOLDERS.  Full Article

Egyptian Exchange Says Moon Capital Partners Master Fund Raises Stake In Global Telecom
Thursday, 13 Dec 2018 

Dec 13 (Reuters) - EGYPTIAN EXCHANGE::MOON CAPITAL PARTNERS MASTER FUND BUYS 34.4 MILLION SHARES IN GLOBAL TELECOM FOR EGP 109.9 MILLION.MOON CAPITAL PARTNERS MASTER FUND STAKE IN GLOBAL TELECOM RISES TO 4.80 PERCENT FROM 4.07 PERCENT.  Full Article

Egyptian Exchange Says Global Telecom's 34.4 Mln Shares Block Traded
Wednesday, 12 Dec 2018 

Dec 12 (Reuters) - EGYPTIAN EXCHANGE::SAYS GLOBAL TELECOM HOLDING'S 34.4 MILLION SHARES BLOCK TRADED FOR TOTAL VALUE OF EGP 109.9 MILLION.  Full Article

Global Telecom Board Approves Capital Increase By EGP 11.18 Bln
Sunday, 2 Dec 2018 

Dec 2 (Reuters) - GLOBAL TELECOM HOLDING ::BOARD APPROVES INCREASE OF ISSUED CAPITAL BY EGP 11.18 BILLION.CAPITAL INCREASE THROUGH ISSUE OF 19.28 BILLION NEW SHARES.BOARD APPROVES APPOINTMENT OF GARNT THORNTON AS INDEPENDENT FINANCIAL ADVISER TO PREPARE STUDY ON FAIR VALUE OF CO'S SHARE CAPITAL.  Full Article

Global Telecom Board Approves Appointment Of Financial Adviser For Capital Increase
Thursday, 8 Nov 2018 

Nov 8 (Reuters) - GLOBAL TELECOM HOLDING ::BOARD APPROVES APPOINTMENT OF NAEEM FINANCIAL INVESTMENTS AS INDEPENDENT FINANCIAL ADVISER.SAYS FINANCIAL ADVISER TO EVALUATE FAIRNESS VALUE OF CO'S SHARES IN RESPECT OF CAPITAL INCREASE.  Full Article

Egypt's Global Telecom Q3 Consol Loss Widens
Thursday, 8 Nov 2018 

Nov 8 (Reuters) - GLOBAL TELECOM HOLDING ::Q3 CONSOL NET LOSS ATTRIBUTABLE TO SHAREHOLDERS $379 MILLION VERSUS LOSS OF $9.1 MILLION YEAR AGO.Q3 CONSOL TOTAL REVENUE $733 MILLION VERSUS $773.1 MILLION YEAR AGO.IN Q3 CUSTOMER GREW 4.3 PERCENT YOY TO 104 MILLION.  Full Article

Egypt's Global Telecom Updates On VEON Offer
Sunday, 2 Sep 2018 

Sept 2 (Reuters) - GLOBAL TELECOM HOLDING ::FEEDBACK ON VEON OFFER FROM GTH SHAREHOLDERS SUGGESTS THAT CURRENT OFFER WOULD NOT BE APPROVED BY REQUIRED 66 PERCENT OF MINORITIES AT THIS TIME.SAYS VEON HAS CONFIRRNED THAT THE OFFER REMAINS OPEN BUT CANNOT CONFIRM THAT IT WILL REMAIN OPEN INDEFINITELY.SHAREHOLDERS WILL BE AWARE THAT OFFER CAN BE WITHDRAWN BY VEON AT ANY TIME AFTER SEPT 01 2018.SAYS BOARD CONTINUES ITS REVIEW OF THE VEON OFFER AND THE ALTERNATIVE OPTIONS TO FUND THE COMPANY.AS PART OF ONGOING REVIEW, GTH IS TO APPOINT LAZARD FRERES ITS INTERNATIONAL FINANCIAL ADVISOR WITH BROAD REMIT TO ADVISE CO ON ALL FINANCING OPTIONS.SAYS DEBT MATURITIES, INTEREST PAYMENTS AND CAPITAL REQUIREMENTS IN 2H18 AND 2019 AMOUNTING TO AT LEAST $500 MILLION.  Full Article

North Korea big opportunity if Trump summit goes well - Egypt's Sawiris

ABU DHABI Egyptian billionaire businessman Naguib Sawiris said on Tuesday he sees opportunities for mining, telecoms and hotels in North Korea if a summit between its leader Kim Jong Un and U.S. President Donald Trump later this month is successful.