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Orascom Telecom Media and Technology Holding SAE (OTMT.CA)

OTMT.CA on Cairo Stock Exchange

0.75EGP
29 Mar 2017
Change (% chg)

£0.01 (+1.35%)
Prev Close
£0.74
Open
£0.74
Day's High
£0.76
Day's Low
£0.73
Volume
61,737,442
Avg. Vol
76,120,878
52-wk High
£0.96
52-wk Low
£0.52

Latest Key Developments (Source: Significant Developments)

OTMT says EFSA exempts OTMT Acquisition from mandatory offer to acquire co's shares
Wednesday, 15 Mar 2017 03:51am EDT 

Orascom Telecom Media and Technology Holding : Egyptian Financial Supervisory Authority approved OTMT Acquisition request for exemption from making mandatory tender offer to acquire 51.66 percent shares of company .Mandatory tender offer exemption comes in context of demerger of Orascom Telecom executed in February 2012.  Full Article

OTMT divests MENA Submarine Cable to unit of Bharti Airtel
Tuesday, 20 Dec 2016 10:22am EST 

Orascom Telecom Media And Technology Holding SAE : Announces sale of unit Middle East and North Africa Submarine Cable . Executes sale of unit Middle East and North Africa Co Submarine Cable Systems with Network i2i, a unit of Bharti Airtel . Board approves sale of unit Middle East and North Africa Co Submarine Cable Systems being 2.8 million nominal shares for US$90 million . Aims to conclude sale of its unit Middle East and North Africa Submarine Cable by end of Q1 2017 . Intends to utilize proceeds of sale in operations of financial, the real estate and the logistics sectors . Board approves acceptance of resignation of Naguib Sawiris as Managing Director, as of January 1, 2017 .Board approves appointment of Khalid Khairy Mahmoud El-Laithy as Chief Financial Officer, as of January 1, 2017.  Full Article

BRIEF-Egyptian Exchange resumes trading on OTMT shares
Sunday, 4 Dec 2016 05:05am EST 

Egyptian Stock Exchange : Trading on Orascom Telecom Media and Technology shares resumes after co clarifies on dissolution of ORABANK in DRPK Source: (http://bit.ly/2gPi0ea) Further company coverage: [OTMT.CA] ((Bangalore.newsroom@thomsonreuters.com;)) Keywords: (CORRECTED).  Full Article

Egyptian Exchange suspends trading on Orascom Telecom Media and Technology shares
Sunday, 4 Dec 2016 04:02am EST 

Egyptian Exchange: Suspends trading on Orascom Telecom Media and Technology shares, effective December 4 . Trading suspension to continue till OTMT sends a supplement release, following company's announcement on dissolution of ORABANK in DPRK Source:(http://bit.ly/2gBX50p) Further company coverage: [OTMT.CA] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

OTMT announces termination of unit ORABANK in North Korea
Sunday, 4 Dec 2016 02:55am EST 

Orascom Telecom Media And Technology Holding Sae : Announces the termination of ORABANK in Democratic Peoples’ Republic Of Korea (North Korea) . Says as part of termination process, all ORABANK cash and liquid assets will be transferred to designated unit of OTMT . Its associate Koryolink will continue its telecommunications operations while complying with U.S. Treasury Department's Office of Foreign Assets Control (OFAC) sanctions . Says termination of ORABANK in Democratic Peoples’ Republic Of Korea comes as event of force majeure as OFAC sanctions on DPRK became increasingly complex . Terminates ORABANK in DPRK on challenges in complying with overlapping financial sanctions, potentially significant penalties and personal liability for breaches of regulations Source: (http://bit.ly/2h1hglr) Further company coverage: [OTMT.CA] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Egyptian Stock Exchange says Beltone Financial received purchase orders for 7.7 million shares
Thursday, 24 Nov 2016 07:22am EST 

Egyptian Stock Exchange : Beltone Financial received purchase orders for 7.7 million shares out of total floated 11.8 million shares Source: (http://bit.ly/2fIPrOC) Further company coverage: [BTFH.CA] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Egyptian Exchange updates on trading of OTMT's Beltone shares
Monday, 21 Nov 2016 03:19am EST 

Egyptian Exchange:Trading to open Nov 22-24 on Beltone Financial shares that represent Orascom Telecom Media and Technology's 7 pct stake in Beltone, which OTMT agreed to sell earlier this month.  Full Article

Egyptian Exchange receives request from OTMT to sell 7 pct stake in Beltone Financial
Wednesday, 16 Nov 2016 08:26am EST 

Egyptian Exchange : Receives request from Orascom Telecom Media and Technology to sell its 11.8 million shares or 7 percent stake in Beltone Financial at EGP 12.56 per share Source: (http://bit.ly/2ggObGY) Further company coverage: [BTFH.CA] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Orascom Telecom Media and Technology Q3 consol net loss narrows gbn
Wednesday, 16 Nov 2016 02:23am EST 

Orascom Telecom Media And Technology Holding Sae : Q3 consol net loss EGP 46.8 million versus net loss EGP 3.75 billion year ago . Q3 consol operating revenue EGP 122.6 million versus EGP 69.2 million year ago Source: (http://bit.ly/2fEpiAV) Further company coverage: [OTMT.CA] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Beltone Financial says OTMT to sell 5-10 pct stake in company
Tuesday, 15 Nov 2016 02:37am EST 

Beltone Financial Holding : Says OTMT agrees to sell between 5 percent to 10 percent stake in Beltone Financial Holding Source: (http://bit.ly/2fRMgUc) Further company coverage: [BTFH.CA] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

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