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Response rate for the offer 54%; 900m shares not called until end of yesterday’s session
Veon declines GTH offer price to EGP 5.08m after new tax settlement
Company reported net losses of $379m in Q3 2018 against $9m last year
Voluntary delisting, rights issue to close financing gap in cards
Company hopes for strong performance in Pakistan after a merger, expects pressure in Algeria
Djezzy, a subsidiary of Global Telecom, aims to launch fourth generation wireless services (4G) in Algeria this autumn, during the last quarter of 2016, according to an investment report by Global Telecom. The company explained that the 4G network is considered a major step towards supporting Djezzy’s situation after revenues declined during the second quarter …
Telecom Egypt has acquired nearly 60% of telecommunications profits without a mobile licence
The EGX kept moving upwards during last week, registering a 1.76% rise as it increased from 7,453.1 points to 7,618 points.
Djezzy revenues decline, exchange price most prominent cause
Global Telecom planned to sell Telecel to another entity last year, but Econet Wireless Global was unable to complete the deal.
Reuters – Global Telecom, the Egypt-based group formerly called Orascom Telecom, has fallen deeper into the red after taking a multi-million dollar impairment charge on its Canadian business following the latter’s withdrawal from a 4G spectrum auction. The group’s results coincided with earnings from 51.9% owner Vimpelcom, which were also impacted by events at the …