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04 April 08:36 PM

Global Telecom Holding SAE (GTHE)

Last update: 1 April 12:28 PM market time.
1.90
-0.20
-9.52%
Open 2.10
Previous Close 2.10
High 2.10
Low 1.88
Stock Statistics
Volume 83,711
Turnover 160,004.78
All data are 15 minutes late during market session

News

Photo Credit: Arabianeye-Reuters
11 June 2015 10:59 AM Global Telecom suffers $82m losses in Q1
Cairo-Mubasher: Global Telecom Holding released on Thursday consolidated financial results for the first quarter of 2015, which showed losses of around $82 million (EGP 627.5 million), against earnings of $39 million (EGP 298 million) in the same …
Financial Results
Photo Credit: Arabianeye-Reuters
13 May 2015 10:34 AM Global Telecom turns to loss in Q1
Global Telecom Holding, a leading provider of mobile telecommunications in Africa and Asia, said it suffered $50 million in losses for the first quarter of 2015.The company attributed the losses mainly to a lower EBITDA when compared to …
Financial Results
Photo Archive
1 April 2015 00:20 PM GTH losses shrink to EGP3.2bn in 2014
Cairo-Mubasher: Global Telecom Holding (GTH) posted EGP 3.18 billion in consolidated net losses for the fiscal year 2014, narrowing by 84% from EGP 20 billion net losses in 2013, the company said in a statement to the stock market …
Financial Results
Photo Credit: Arabianeye-Reuters
1 March 2015 02:28 PM NBK Capital reiterates GTH’s FV at $3.6/share
NBK Capital, the research unit of National Bank of Kuwait, said it maintained its fair value estimate for Global Telecom Holding (GTH) at $3.6 per share (+41% upside), with a Buy recommendation.“GTH announced its 4Q2014 results, with overall …
Company News
Photo Credit: Arabianeye-Reuters
25 February 2015 11:08 AM Global Telecom narrows losses by 84% in 2014
Global Telecom Holding (GTH) disclosed its financial indicators for the fiscal year ended in December 31, 2014. The indicators have shown EGP3.2 billion ($419 million) loss for 2014 compared EGP20 billion ($2.6 billion) for 2013. The …
Financial Results
Photo Credit: Arabianeye-Reuters
9 February 2015 04:01 PM NBK upgrades GTH FV to $3.60/shr
National Bank of Kuwait said it has increased its 12-month fair value for Global Telecom Holding - GTH by 3% to $3.60 from its previous $3.50 target following the successful close of the Algeria deal.   NBK noted that its new fair value suggests a …
General News
Photo Credit: Arabianeye-Reuters
1 February 2015 05:24 PM Global Telecom to see $300m savings – report
Cairo-Mubasher: Global Telecom Holding’s (GTH) sale of 51% stake in Algeria’s Djezzy is expected to reap the fruits of imminent growth in Algeria’s telecoms industry, said Prime Research in a report.The research firm expected a positive impact on …
Company News
Photo Credit: Arabianeye-Reuters
1 February 2015 11:16 AM Egypt’s Global Telecom completes Djezzy sale
Vimpelcom Ltd and its subsidiary Global Telecom Holding (GTH) announced closing the deal to sell GTH’s 51% stake in Algerian mobile operator Djezzy to Algerian National Investment Fund (FNI) for $2.6 billion.Global will keep operational control of …
Company News
22 January 2015 01:10 PM Global Telecom skyrockets to three-month high
The stock of Global Telecom Holding (GTH) has surged for the fourth successive day, with a rise y as much as 4.5% on Thursday to reach EGP 4.74; its highest level since mid-October, 2014.The stock came the third most active till Thursday’s …
Stock Evaluations
5 January 2015 10:46 AM Global Telecom initiative provides $9m a year
Global Telecom Holding announced an initiative for the reorganization and rationalization of cost through the relocation of its head office in Cairo.The company said in a statement to the stock exchange that this initiative will provide …
Company News
30 December 2014 02:10 PM $3.3bln earnings predicted for 21 companies in 2014
By Ramy Sameeh:Cairo-Mubasher: In its earnings preview report, EFG-Hermes expected earnings of 21 listed companies that it covers to reach more than EGP 24 billion ($3.3 billion) in 2014.It also forecasted total revenues to hit EGP …
Stock Evaluations
21 December 2014 11:56 AM HSBC cuts Global Telecom target price
HSBC lowered its target price estimate for Global Telecom Holding to $3.4 from $4.1, maintaining its Overweigh rating.In its annual report on Egypt, the bank attributed the target price cut to the decline in the company’s revenues in the …
Company News
12 November 2014 02:26 PM Global Telecom 9M loss widens 62% on Djezzy, Mobilink
Global Telecom Holding (GTH), the world’s sixth largest telecom company by number of subscribers, said on Wednesday its losses for the first nine months of FY14 deepened by 62% to $284.58 million, from $175.55 million in the …
Financial Results
4 November 2014 03:19 PM EFG reiterates Buy rating for Global Telecom
EFG-Hermes issued a report on Global Telecom Holding (GTH), maintaining its Buy recommendation on the stock.“Having cleaned up the balance sheet in 2013, and after a resolution of the Djezzy dispute on terms we deem overall favourable to …
Stock Evaluations
28 October 2014 05:12 PM Global Telecom to post 9M financials Nov 12
Global Telecom Holding (GTH) announced that it will disclose its consolidated and standalone financial statements for the nine-month period that ended on September 30, 2014 before session start in the Egyptian Exchange (EGX) and …
Company News
22 October 2014 00:43 PM Global Telecom says Telecel sale proceeds to go for repaying Vimpelcom debt
Global Telecom Holding (GTH) will use the full $65 million proceeds from divesting ownership in Telecel Globe Limited, which owns 100% of each of U-COM in Burundi and Telecel CAR in Central African Republic, in repaying debts owed to …
Corporate Actions
20 October 2014 00:38 PM Global Telecom exits operations in Burundi, Central African Republic
Global Telecom Holding (GTH) has sold its entire 100 percent stake in Telecel Globe Limited (TG), which owns 100 percent of each of U-COM in Burundi and Telecel CAR in Central African Republic, for $65 million, subject to certain …
Corporate Actions
16 September 2014 10:15 AM Global Telecom, Vimpelcom to divest Wind Canada stake
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 …
Corporate Actions
27 August 2014 06:14 PM EFG-Hermes cuts OCI NV FV, reiterates Neutral
In a report issued today on OCI NV, EFG-Hermes cut its FV for OCI NV to EUR30.0/share (from EUR36/share previously), reinstating its Neutral recommendation.EFG said it i) lowered its 2014-16 EPS by c30% on average, reflecting lower …
Company News
27 August 2014 06:10 PM Global Telecom raises $1 bln loan for Algeria’s Optimo
Vincenzo Nesci, CEO, Global Telecom Holding announced that his company agreed with one of the leading banks in Algeria to raise a loan worth $1 billion for Optimo Telecom Algerie, subsidiary of Orascom Telecom Algerie.The facility will be …
Company News
27 August 2014 11:08 AM Global Telecom EGM approves sale of 51% stake in Algerian unit
The extraordinary general meeting (EGM) of Global Telecom Holding (GTH) approved on Tuesday, August 26 the sale by GTH of a 51% stake in Orascom Telecom Algérie SpA (OTA) to the Fonds National d’Investissement (FNI), the Algerian …
Company News
26 August 2014 09:45 AM Global Telecom EGM to consider sale of 51% in Algerian unit today
Global Telecom Holding S.A.E. (GTH) will hold an Extraordinary General Meeting today, Tuesday, August 26, 2014, at 2:30 pm at Dusit Thani LakeView, Elteseen Street, New Cairo. The purpose of the meeting is to present for approval the sale …
Event
21 August 2014 00:15 PM HC sets fair price for Djezzy deal at $2.5 bln
HC Securities, the financial advisor, has estimated the fair price for purchasing a 51% stake in Global Telecom Holding's Algerian unit Djezzy at $2.539 billion, which is 4% lower than the proposed price. Global's parent firm, …
Corporate Actions
13 August 2014 03:54 PM Global Telecom EGM to consider sale of 51% in Algerian unit Aug 26
Global Telecom Holding S.A.E. (GTH) announced that an Extraordinary General Meeting will be held on August 26, 2014, at 2:30 pm at Dusit Thani LakeView, Elteseen Street, New Cairo. The purpose of the meeting is to present for approval the …
Corporate Actions
7 August 2014 02:34 PM Beltone reiterates Global Telecom FV at USD4.59/GDR
Beltone Financial issued a report on Global Telecom Holding (GTH), maintaining its fair value estimate at USD4.59/GDR, and placing a Buy recommendation on the stock.GTH posted a net loss of USD178 million versus a loss of USD28 million in …
Stock Evaluations