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Global Telecom Holding SAE (GTHE.CA)

GTHE.CA on Cairo Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Egypt's Global Telecom Posts Q1 Profit
Monday, 14 May 2018 

May 14 (Reuters) - GLOBAL TELECOM HOLDING ::Q1 CONSOL NET PROFIT ATTRIBUTABLE TO SHAREHOLDERS $16 MILLION VERSUS LOSS OF $26 MILLION YEAR AGO.Q1 CONSOL REVENUE $699 MILLION VERSUS $752 MILLION YEAR AGO.  Full Article

Global Telecom Says ETA Orders Seizure of Disputed Amount Of EGP 990 MLN
Wednesday, 3 Jan 2018 

Jan 3 (Reuters) - GLOBAL TELECOM HOLDING ::RECEIVED INFORMATION ABOUT ADMINISTRATIVE SEIZURE ORDER BY EGYPTIAN TAX AUTHORITY (ETA) FOR CO'S LOCAL BANK ACCOUNTS FOR CONTESTED AMOUNT OF EGP 990 MLN‍​.SAYS WILL CONTEST UNILATERAL SEIZURE ACTION TAKEN BY EGYPTIAN TAX AUTHORITY REGARDING 2016 DISPUTED TAX CLAIMS.  Full Article

Global Telecom Unit Banglalink Enters into BDT 29.3 BLN Financing Facility
Tuesday, 26 Dec 2017 

Dec 26 (Reuters) - GLOBAL TELECOM HOLDING ::BANGLALINK ENTERS INTO A NEW FLOATING RATE TERM FACILITIES AGREEMENT APPROX. $353 MILLION (BDT 29.3 BILLION) DIVIDED IN TWO TRANCHES.SAYS FIRST TRANCHE APPROX. $129 MILLION (BDT 10.7 BILLION) HAS A THREE-YEAR TENOR AND SECOND TRANCHE APPROX. $224 MILLION (BDT 18.6 BILLION) HAS A FIVE-YEAR TENOR‍​.TL INCLUDES AN OPTION TO INCREASE AMOUNT OF FACILITIES UP TO A TOTAL AMOUNT OF BDT 40 BILLION.  Full Article

Global Telecom to Capitalize PKR 1.26 BLN Loan to Mobilink Microfinance Bank
Sunday, 10 Dec 2017 

Dec 10 (Reuters) - GLOBAL TELECOM HOLDING ::BOARD APPROVES TO CAPITALIZE PKR 1.26 BILLION LOAN THROUGH ISSUING 126.2 MILLION SHARES WITH PAR VALUE OF PKR 10 IN MOBILINK MICROFINANCE BANK TO CO.  Full Article

Egypt's Global Telecom Extends $200 MLN Loan Term Till June 15 2018
Sunday, 10 Dec 2017 

Dec 10 (Reuters) - GLOBAL TELECOM HOLDING ::EXTENDS TERM OF EXISTING $200 MILLION UNSECURED SHORT-TERM LOAN AGREEMENT WITH CITI AND ING BANK FROM DEC 15 2017 UNTIL JUNE 15 2018.  Full Article

Global Telecom says Pharos Holding to advise on share purchase offer by VEON
Thursday, 9 Nov 2017 

Nov 9 (Reuters) - GLOBAL TELECOM HOLDING SAE ::BOARD APPROVES APPOINTMENT OF PHAROS HOLDING AS FINANCIAL ADVISOR TO EVALUATE MANDATORY TENDER OFFER BY VEON HOLDINGS TO ACQUIRE REMAINING SHARES OF COMPANY ‍​.  Full Article

Egypt's Global Telecom Q3 profit falls
Thursday, 9 Nov 2017 

Nov 9 (Reuters) - GLOBAL TELECOM HOLDING ::Q3 NET PROFIT ATTRIBUTABLE TO SHAREHOLDERS $7 MILLION VERSUS $9 MILLION YEAR AGO.Q3 TOTAL REVENUE $773 MILLION VERSUS $788 MILLION YEAR AGO.AS AT END-SEPT, TOTAL CUSTOMERS STAND AT 99.7 MLN‍​.  Full Article

Veon Holdings seeks EFSA approval to buy stake in GTH
Wednesday, 8 Nov 2017 

Nov 8 (Reuters) - EGYPTIAN FINANCIAL SUPERVISORY AUTHORITY: :VEON HOLDINGS SEEKS EFSA APPROVAL FOR MANDATORY OFFER TO BUY 1.998 BILLION SHARES OF GLOBAL TELECOM HOLDING AT EGP 7.9 PER SHARE.SAYS STUDYING VEON HOLDINGS' MANDATORY OFFER TO BUY STAKE IN GLOBAL TELECOM HOLDING.  Full Article

Global Telecom unit Jazz acquires additional 4G/LTE spectrum in Pakistan
Tuesday, 23 May 2017 

May 23 (Reuters) - Global Telecom Holding ::Jazz acquires additional 4G/LTE spectrum in Pakistan.Jazz won auction, awarding it 10 MHZ paired spectrum in 1800 MHZ band for a total consideration of $295 million plus withholding tax of 10 percent.  Full Article

Global Telecom says its Algerian unit has launched 4G services
Tuesday, 4 Oct 2016 

Global Telecom Holding :Says its Algerian unit has launched 4G services.  Full Article