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Global Telecom Holding SAE (GTHE.CA)

GTHE.CA on The Egyptian Exchange

5.08EGP
8 Sep 2019
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£5.08
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8,780,815
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Latest Key Developments (Source: Significant Developments)

Global Telecom Says Proceeding With Delisting Procedures Of Co From EGX
Wednesday, 28 Aug 2019 

Aug 28 (Reuters) - GLOBAL TELECOM HOLDING ::ANNOUNCES IT IS PROCEEDING WITH VOLUNTARY DELISTING PROCEDURES OF CO FROM EGYPTIAN EXCHANGE.  Full Article

Egypt's Global Telecom Shareholers Approve Voluntary Delisting
Tuesday, 27 Aug 2019 

Aug 27 (Reuters) - GLOBAL TELECOM HOLDING ::SHAREHOLERS APPROVE VOLUNTARY DELISTING OF CO FROM EGX.SHAREHOLDERS APPROVE PURCHASE BY CO OF SHARES OF ALL SHAREHOLDERS AND THOSE AFFECTED BY DELISTING WILLING TO SELL SHARES TO CO.SHAREHOLDERS APPROVE PRICE AT WHICH CO SHALL PURCHASE SHARES FROM ANY SHAREHOLDER, THOSE AFFECTED BY DELISTING AT EGP 5.08 /SHARE.SHAREHOLDERS AUTHORIZE EXTENSION OF MATURITY OF REVOLVING CREDIT FACILITY OF $100 MILLION MATURES AUG 31, 2019.SHAREHOLDERS APPROVE $100 MILLION RCF INCREASE AND UTILIZATION OF $100 MILLION RCF INCREASE TO MEET CO'S FINANCIAL NEED.  Full Article

Egyptian Exchange Says Deal Completed On Tender Offer For Global Telecom Holding Shares
Thursday, 8 Aug 2019 

Aug 8 (Reuters) - EGYPTIAN EXCHANGE::EXECUTION COMPLETED ON TENDER OFFER FROM VEON HOLDING FOR SHARES OF GLOBAL TELECOM HOLDING.  Full Article

Global Telecom Board Proposes Shareholders Accept VEON’s Offer for It's Shares
Tuesday, 23 Jul 2019 

July 23 (Reuters) - GLOBAL TELECOM HOLDING SAE ::BOARD RECOMMEND SHAREHOLDERS ACCEPT VEON’S TENDER OFFER.BOARD RECOMMEND SHAREHOLDERS APPROVE VEON’S ASSET TRANSFER OFFER.TENDER OFFER FOR ALL REMAINING SHARES.  Full Article

Egypt's Global Telecom Seeks Shareholders Approval On VEON Offer
Tuesday, 9 Jul 2019 

July 9 (Reuters) - GLOBAL TELECOM HOLDING ::CALLS EGM ON AUGUST 27 TO APPROVE OFFER BY VEON LTD .OFFER TO ACQUIRE BY VEON OR ONE OF ITS AFFILIATES OF OMPANY’S INTERESTS IN JAZZ, BANGLALINK, DJEZZY (INCLUDING MEDCABLE) AND MOBILINK BANK.OFFER PRICE FOR JAZZ PKR 313.34 BILLION .OFFER PRICE FOR BANGLALINK BDT 24.92 BILLION .OFFER PRICE FOR DJEZZY (INCLUDING MEDCABLE) DZD 70.20 BILLION .OFFER PRICE FOR MOBILINK BANK PKR 14.74 BILLION .SHAREHOLDERS TO CONSIDER VOLUNTARY DELISTING OF GTH SHARES FROM EGYPTIAN STOCK EXCHANGE .  Full Article

Global Telecom Appoints Gerbrand Nijman As CEO
Thursday, 4 Jul 2019 

July 4 (Reuters) - GLOBAL TELECOM HOLDING ::APPOINTS GERBRAND NIJMAN AS CEO.GERBRAND NIJMAN WILL SUCCEED VINCENZO NESCI.  Full Article

Global Telecom Says VEON Holdings Amends Offer Price To EGP 5.08/Share
Wednesday, 26 Jun 2019 

June 26 (Reuters) - GLOBAL TELECOM HOLDING ::UPDATES ON MANDATORY PURCHASE OFFER BY VEON HOLDINGS FOR 2 BILLION SHARES OF GTH.AMENDS OFFER CASH PRICE TO BECOME EGP 5.08 PER SHARE.  Full Article

Egypt's Global Telecom Postpones OGM Related To Rights Issue
Sunday, 9 Jun 2019 

June 9 (Reuters) - GLOBAL TELECOM HOLDING ::BOARD DECIDES TO POSTPONE ORDINARY GENERAL ASSEMBLY MEETING RELATED TO RIGHTS ISSUE FROM JUNE 26 TO AUGUST 27, 2019.POSTPONING OGM WILL PROVIDE MORE TIME FOR MANDATORY TENDER OFFER SUBMITTED BY VEON FOR ALL OUTSTANDING SHARES BY VEON TO FRA.POSTPONING OGM WILL PROVIDE MORE TIME TO FRA AUTHORITY TO BE EXAMINED AND TO HAVE A DECISION ON MANDATORY TENDER OFFER BY VEON.  Full Article

Global Telecom Says In Discussions With ETA Regarding Certain Tax Claims
Thursday, 30 May 2019 

May 30 (Reuters) - GLOBAL TELECOM HOLDING ::GLOBAL TELECOM HOLDING SAYS IN DISCUSSIONS WITH EGYPTIAN TAX AUTHORITY REGARDING CERTAIN TAX CLAIMS.  Full Article

Egypt's Global Telecom Q1 Profit Rises
Thursday, 2 May 2019 

May 2 (Reuters) - GLOBAL TELECOM HOLDING ::Q1 CONSOL NET PROFIT $51 MILLION VERSUS $32 MILLION YEAR AGO.Q1 CONSOL REVENUE $688 MILLION VERSUS $699 MILLION YEAR AGO.GTH CONTINUED GROWTH OF CUSTOMER BASE TO 107.3 MILLION IN Q1 2019.CAPEX (EXCLUDING LICENSES) WAS USD 92 MILLION IN Q1 2019.PAKISTAN MARKET REMAINED COMPETITIVE IN Q1 2019,.SPECTRUM RENEWAL FOR 15 YEARS IS CURRENTLY SCHEDULED TO TAKE PLACE IN Q2 2019, BUT DISCUSSIONS WITH PAKISTANI AUTHORITIES ARE STILL ONGOING.  Full Article

UPDATE 1-VEON settles Egypt tax liability, paving way to buy Global Telecom shares

CAIRO, June 26 Telecoms operator VEON Ltd has settled a tax dispute with Egypt, the finance ministry said on Wednesday, clearing the way for its potential purchase of the 42.3% stake in its Egyptian subsidiary Global Telecom Holding it does not own.