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Global Telecom Holding pays second tax instalment of $82.3m

Global Telecom Holding pays second tax instalment of $82.3m
GTH signed a tax settlement deal worth $136 million in June
Global Telecom
GTHE
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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 statement on Tuesday.

In June, GTH signed a tax settlement deal worth $136 million with the ETA. The amount was paid over two instalments worth $53.7 million and $82.3 million.

It is noteworthy that the EGX’s listing committee on Monday approved the final delisting of GTH’s shares from the market.