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Global Telecom Holding SAE (GTHE.CA)

GTHE.CA on Cairo Stock Exchange

3.15EGP
23 Sep 2018
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Latest Key Developments (Source: Significant Developments)

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REMAINS OPEN BUT CANNOT CONFIRM THAT IT WILL REMAIN OPEN INDEFINITELY.SHAREHOLDERS WILL BE AWARE THAT OFFER CAN BE WITHDRAWN BY VEON AT ANY TIME AFTER SEPT 01 2018.SAYS BOARD CONTINUES ITS REVIEW OF THE VEON OFFER AND THE ALTERNATIVE OPTIONS TO FUND THE COMPANY.AS PART OF ONGOING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

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