Global Telecom
GTHE
-2.17%
1.80
-0.04
GTHE
Global Telecom Holding (GTH) and Vimpelcom Ltd announced reaching an agreement to sell their stake in Canadian wireless carrier Wind Mobile to Globalive Capital and a group of investment funds for about C$135 million ($122 million).
Globalive, which is the controlling shareholder of Wind Canada, will buy all of Vimpelcom and GTH’s debt and equity interest in Wind Canada, Vimpelcom and GTH said in a statement on Tuesday.
GTH had logged $130.256 million loss in H1-14, narrowing 42.4% from $226.334 million loss in the same period a year earlier.
Globalive, which is the controlling shareholder of Wind Canada, will buy all of Vimpelcom and GTH’s debt and equity interest in Wind Canada, Vimpelcom and GTH said in a statement on Tuesday.
GTH had logged $130.256 million loss in H1-14, narrowing 42.4% from $226.334 million loss in the same period a year earlier.
Source:
Mubasher