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Global Telecom Holding SAE (GTHE.CA)

GTHE.CA on Cairo Stock Exchange

3.56EGP
13 Dec 2018
Change (% chg)

£0.15 (+4.40%)
Prev Close
£3.41
Open
£3.56
Day's High
£3.70
Day's Low
£3.55
Volume
20,196,483
Avg. Vol
18,847,014
52-wk High
£7.57
52-wk Low
£2.54

Latest Key Developments (Source: Significant Developments)

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REMAINS OPEN BUT CANNOT CONFIRM THAT IT WILL REMAIN OPEN INDEFINITELY.SHAREHOLDERS WILL BE AWARE THAT OFFER CAN BE WITHDRAWN BY VEON AT ANY TIME AFTER SEPT 01 2018.SAYS BOARD CONTINUES ITS REVIEW OF THE VEON OFFER AND THE ALTERNATIVE OPTIONS TO FUND THE COMPANY.AS PART OF ONGOING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

Egypt's Global Telecom Appoints Financial Adviser To Evaluate VEON's Offer
Wednesday, 11 Jul 2018 

July 11 (Reuters) - GLOBAL TELECOM HOLDING ::BOARD APPROVES APPOINTMENT AND FEES OF KAMCO INVESTMENT AND FINCORP INVESTMENT AN INDEPENDENT FINANCIAL ADVISER TO EVALUATE OFFER MADE BY VEON LIMITED TO ACQUIRE CO'S OPERATIONS IN PAKISTAN AND BANGLADESH.BOARD ACCEPTS RESIGNATION OF JON TRAVIS EDDY CHAIRMAN OF BOARD AND REPRESENTATIVE OF VEON LUXEMBOURG FINANCE.BOARD APPOINTS ANDREW SCOTT KEMP AS CHAIRMAN AND REPRESENTATIVE OF VEON LUXEMBOURG FINANCE.  Full Article

GTH Receives Offer From Veon To Acquire Its Assets In Pakistan, Bangladesh
Monday, 2 Jul 2018 

July 3 (Reuters) - GLOBAL TELECOM HOLDING ::RECEIVES OFFER FROM VEON TO ACQUIRE ITS ASSETS IN PAKISTAN (JAZZ AND ITS ASSOCIATED OPERATIONS) AND BANGLADESH (BANGLALINK) FOR TOTAL GROSS CONSIDERATION OF $2.55 BILLION.GLOBAL TELECOM HOLDING SAYS BOARD IS ANALYZING THE OFFER.  Full Article

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

MIDEAST STOCKS-Emaar's leap lifts Dubai, banks boost Egypt

Dec 12 The Dubai stock market rose sharply on Wednesday, boosted by blue chip Emaar Properties, while Egypt gained for a third straight day on rebounding bank shares.