• Wednesday, 11 September 2019

    GTH finishes paying USD 136 mn settlement to Tax Authority

    DISPUTE WATCH- GTH finishes paying USD 136 mn settlement to Tax Authority: The dispute between Global Telecom Holding (GTH) and the Tax Authority finally came to a close yesterday after GTH finished paying its USD 136 mn tax settlement, the...
  • Tuesday, 10 September 2019

    Egyptian Stock Exchange removes GTH shares

    The EGX has taken Global Telecom Holding’s shares off the exchange after the company completed all voluntary delisting procedures, the domestic press reports. GTH’s shareholders approved the delisting during an extraordinary general assembly meeting last month after the company’s main...
  • Sunday, 8 September 2019

    GTH completes delisting process from Egypt’s stock market

    Global Telecom Holding (GTH) has completed its delisting from the EGX by buying all of its EGX-listed shares (32.9 mn) for a total of EGP 176.4 mn or EGP 5.08 per share, the Egyptian Exchange said, according to Dostor. Majority...
  • Wednesday, 4 September 2019

    Deadline for remaining GTH shareholders to sell shares through OPR is today

    The EGX has set today as the deadline for Global Telecom Holding shareholders who did not sell their shares to Veon during the MTO to sell their stocks through the OPR platform. GTH shareholders approved delisting the company’s shares from...
  • Wednesday, 28 August 2019

    Global Telecom shareholders approve voluntary delisting from Egypt’s bourse

    Global Telecom Holding (GTH) shareholders approved the company’s voluntary delisting during an extraordinary general assembly meeting on Monday, GTH said in a statement to the EGX (pdf). The company will buy back shareholders’ shares at EGP 5.08 apiece.
  • Monday, 19 August 2019

    GTH board approves Veon’s offer to acquire USD 2.3 bn assets

    GTH board approves Veon’s offer to acquire USD 2.3 bn assets: Global Telecom Holding’s (GTH) board of directors has approved Veon’s offer to acquire all of GTH’s operating assets for USD 2.3 bn, GTH said in a bourse filing (pdf)....
  • Thursday, 8 August 2019

    Veon MTO for Global Telecom closes

    M&A WATCH- Veon MTO for Global Telecom closes: Global Telecom Holding’s (GTH) sale of 1.99 bn shares in a mandatory offer (MTO) launched by majority shareholder Veon to acquire 42.3% of the company is now complete and the MTO has...
  • Thursday, 25 July 2019

    GTH board approves Grant Thornton valuation report

    Global Telecom Holding’s (GTH) board has approved the updated valuation report prepared by independent financial advisor Grant Thornton in relation to Veon’s bid to acquire GTH’s operating assets and the mandatory tender offer (MTO), the company said in a bourse...
  • Sunday, 14 July 2019

    Veon nearly completes MTO of 42.3% of Global Telecom Holding

    M&A WATCH- GTH nearly completes sale of 42.3% stake to Veon: Global Telecom Holding (GTH) shareholders have completed the sale of 37% of the 1.99 bn shares in a mandatory tender offer (MTO) launched by majority shareholder Veon to acquire...

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