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08 February 01:39 AM

Global Telecom Holding SAE (GTHE)

Last update: 4 February 12:25 PM market time.
2.01
-0.16
-7.37%
Open 2.17
Previous Close 2.17
High 2.15
Low 2.00
Stock Statistics
Volume 24,554
Turnover 49,497.03
All data are 15 minutes late during market session

News

GTH signed a tax settlement deal worth $136 million in June
10 September 2019 11:34 AM Global Telecom Holding pays second tax instalment of $82.3m
Cairo – Mubasher: Global Telecom Holding (GTH) paid the second tax instalment of $82.3 million, head of the Egyptian Tax Authority (ETA) Abdel Azim Hussein said. Such payment was made at the Egyptian Exchange’s (EGX) premises, according to a …
Corporate Actions
GTH’s profit surged to $26 million in H1
5 September 2019 01:31 PM Global Telecom Holding buys back 32.9m shares
Cairo – Mubasher: The Egyptian Exchange (EGX) announced that Global Telecom Holding (GTH) has purchased shares from the shareholders affected by the voluntary delisting for EGP 167.4 million.   The deal involved the purchase of 32.9 million shares …
Corporate Actions
GTH’s EGM approved the voluntary delisting of the company’s shares
27 August 2019 01:07 PM EGX to delist GTH’s stock on Wednesday
Cairo – Mubasher: The Egyptian Exchange (EGX) announced that shares of Global Telecom Holding (GTH) will be delisted from the open market as of the beginning of trading session on 28 August. The EGX’s listing committee approved GTH’s voluntary …
Event
GTH's EGM will be held on 9 September
18 August 2019 11:29 AM Global Telecom's board approves VEON’s $2.3bn asset transfer offer
Cairo – Mubasher: Global Telecom Holding’s (GTH) board of directors approved the offer submitted by VEON Ltd. to acquire the company’s assets for $2.3 billion, according to a statement to the Egyptian Exchange (EGX) on Sunday. The board approved …
Event
GTH’s shares will be delisted as of 14 August
8 August 2019 00:58 PM EGX executes mandatory tender offer for GTH’s shares at EGP 9.7bn
Cairo – Mubasher: The Egyptian Exchange announced the closure of the mandatory tender offer for shares of Global Telecom Holding (GTH) submitted by VEON Holdings B.V. at a combined value of EGP 9.72 billion. The total number of shares tendered …
Management Decisions
The credit facility is currently maturing on 31 August
1 August 2019 00:22 PM Global Telecom’s board approves three-month extension of VEON’s loan
Cairo – Mubasher: Global Telecom Holding’s (GTH) board of directors approved the extension of the maturity period of the revolving credit facility of $100 million provided by VEON Holdings B.V., currently maturing on 31 August, for an additional …
Financial Results
The company’s revenues slid to $1.338 billion
1 August 2019 11:56 AM Global Telecom’s H1 profit rises to $26m
Cairo – Mubasher: Global Telecom Holding (GTH) logged a profit of $26 million during the first half of 2019, up from around $100,000 in the year-ago period, according to the company’s consolidated financial statements. Year-on-year, the company’s …
Financial Results
GB Auto’s stock will be listed in the EGX70 index
31 July 2019 02:22 PM Global Telecom, GB Auto among companies delisting from EGX 30
Cairo – Mubasher: The Egyptian Exchange (EGX) decided to delist six stocks from the benchmark EGX30 index, including Global Telecom Holding (GTH) and Ghabbour Auto (GB Auto), as part of the EGX’s semi-annual review of the market indices. As a …
Management Decisions
VEON submitted a request to acquire GTH’s assets for $2.986 billion
24 July 2019 11:11 AM GTH’s equity valued at EGP 23.26bn
Cairo – Mubasher: Global Telecom Holding’s (GTH) board of directors has approved the report issued by Grant Thornton Egypt regarding the valuation of VEON Holdings B.V.’s offer to acquire all of GTH’s operating assets and the mandatory tender …
Companies Investments
Gerband Nijman will adopt a non-executive role
4 July 2019 00:12 PM Global Telecom names new CEO
Cairo – Mubasher: Global Telecom Holding (GTH) announced the appointment of Gerband Nijman as the new CEO. Nijman, who will succeed Vincenzo Nesci, will adopt a non-executive role, the company said in a statement to the Egyptian Exchange (EGX) on …
Board of Directors
GTH signed a settlement deal worth $136 million with the Egyptian Tax Authority
26 June 2019 05:02 PM GTH’s asset transfer to be complete by end-2019
Cairo – Mubasher: Global Telecom Holding (GTH) announced that VEON Holdings B.V has submitted a request to acquire GTH’s assets with a combined value of $2.986 billion, according to statistics conducted by Mubasher. The asset transfer process is …
Mergers and Acquisitions
GTH reported a net profit of $54.3 million in Q1-19
26 June 2019 02:49 PM Global Telecom concludes EGP 2.3bn tax settlement deal
Cairo – Mubasher: Global Telecom Holding (GTH) on Wednesday announced signing a settlement deal worth $136 million (EGP 2.3 billion) with the Egyptian Tax Authority, according to a statement to the Egyptian Exchange (EGX).   Egypt’s Financial …
Companies Investments
GTH reportedly reached a tax settlement deal worth EGP 2bn
26 May 2019 01:52 PM EGX suspends trading on GTH’s stock on tax settlement reports
Cairo – Mubasher: The Egyptian Exchange (EGX) announced the suspension of trading on Global Telecom Holding’s (GTH) stock Trading on the stock will be halted until a statement is released by GTH regarding what was published about a tax settlement …
Taxes
GTH has logged $54.3 million in net profit during Q1-19
2 May 2019 10:45 AM GTH Q1 profit hikes 71%
Cairo – Mubasher: Global Telecom Holding (GTH) has reported a 70.7% year-on-year increase in consolidated profits for the first quarter of 2019. GTH has logged $54.3 million in net profit during Q1-19, versus $31.8 million in the prior-year …
Financial Results
VEON Holdings B.V will offer an unconditional guarantee
30 April 2019 00:51 PM Global Telecom’s unit inks $300m financing deal
Cairo – Egypt: Banglalink Digital Communications, a subsidiary of Global Telecom Holding, has signed an agreement with a consortium of international banks to receive funding valued at $300 million. With a financing period up to three years, this …
Bonds
Global Telecom has incurred a loss of $250 million in FY18
28 March 2019 00:27 PM Global Telecom nods to business continuity despite $250m losses
Cairo – Mubasher: The extraordinary general meeting (EGM) of Global Telecom Holding (GTH) has approved to continue with the company’s business activity despite that its losses surpassed 50% of the shareholders’ equity rights value. During fiscal …
General Assembly
The maturity period has been extended for an additional three months starting 31 May
26 March 2019 11:56 AM GTH extends maturity period of Veon’s $100m revolving loan for 3rd time
Cairo – Mubasher: Global Telecom Holding’s (GTH) board of directors has approved to extend the maturity period of the $100 million revolving loan facility from Netherlands’ VEON Holdings B.V, GTH’s majority shareholder, for the third time. The …
Corporate Actions
GTH’s revenues shrank to $2.827 billion last year, against $3.015 billion a year earlier.
17 March 2019 11:16 AM EGX suspends trading on GTH’s stock
Cairo – Mubasher: The Egyptian Exchange (EGX) has suspended trading on Global Telecom Holding’s (GTH) stock as of Sunday, 17 March, until it receives a statement from the company. On Saturday, the Egyptian Tax Authority unveiled it was in talks …
Management Decisions
Revenues shrank to $2.827 billion last year
25 February 2019 11:33 AM Global Telecom incurs $250m loss in 2018
Cairo – Mubasher: Global Telecom Holding (GTH) on Monday said its consolidated net losses soared 216% year-on-year in 2018 to $250 million from $79 million in 2017. Revenues shrank to $2.827 billion last year, from $3.015 billion a year …
Financial Results
Veon offered to purchase around 1.99 billion shares in GTH
10 February 2019 02:38 PM GTH resumes trading on EGX; mulls Veon’s tender offer
Cairo – Mubasher: The Egyptian Financial Regulatory Authority on Sunday said that Netherlands-based Veon Holdings B.V has submitted a mandatory tender offer to purchase a 42.31% stake in Global Telecom Holding (GTH). The Dutch company offered to …
Corporate Actions
Veon plans to purchase up to 1.99 billion shares in GTH at EGP 5.3 per share.
10 February 2019 00:39 PM EGX suspends trading on GTH on FRA’s request
Cairo – Mubasher: The Egyptian Exchange (EGX) has suspended trading on Global Telecom Holding’s (GTH) stock as of Sunday, 10 February, in response to the Financial Regulatory Authority’s (FRA) request. Trading on the stock will be halted until the …
Trading Activities
Veon aims to buy 1.99 billion shares in GTH at EGP 5.3 per share
5 February 2019 11:29 AM Dutch Veon eyes buying 42.31% stake in GTH
Cairo – Mubasher: Netherlands-based Veon Holdings B.V is looking to present a mandatory tender offer to purchase a 42.31% stake in Global Telecom Holding (GTH). The Dutch company is planning to purchase up to 1.99 billion shares in GTH at EGP 5.3 …
Corporate Actions
The maturity period has been extended for an additional three months starting 28 February
31 January 2019 00:01 PM GTH extends maturity period of Veon’s $100m revolving loan
Cairo – Mubasher: Global Telecom Holding’s (GTH) board of directors has approved to extend the maturity period of the $100 million revolving loan facility from Netherlands’ VEON Holdings B.V, GTH’s majority shareholder. The maturity period has …
Corporate Actions
The letter highlights “the option of taking GTH private to support its immediate funding requirements”
27 January 2019 10:18 AM Dutch VEON mulls taking Egypt’s GTH private
Cairo – Mubasher: Global Telecom Holding (GTH) on Sunday announced that its board of directors has postponed its planned ordinary general meeting (OGM) related to an EGP 11.2 billion proposed rights issue to 27 March. This came as a result of …
Corporate Actions
13 January 2019 04:28 PM GTH to capitalise unit’s $370.5m loan
The current financial situation and cash inflows to GTH remain the same after the transfer
Global Economy