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Pakistan Deodar Towers value targets $1bn - GTH

Pakistan Deodar Towers value targets $1bn - GTH
GTH targets an average between $698m and $1.016bn for Deodar Towers in Pakistan
Global Telecom
GTHE
-1.28% 3.08 -0.04

Cairo – Mubasher: Global Telecom Holding (GTH) on Wednesday said that the target value of its Deodar Towers in Pakistan ranges between $698 million and $1.016 billion.

Fincorp Investment Holding maintained GTH’s fair value at $104.85 per each Pakistani Rupee, the firm added in a statement to the Egyptian Exchange (EGX).

Last August, GTH and VEON Ltd signed an agreement to sell the towers owned by their subsidiary, Jazz Pakistan, for $940 million (PKR 98.7 billion).