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Global Telecom Holding SAE (ORSTF.PK)

ORSTF.PK on OTC Markets Group - US Other OTC and Grey Market

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Tue, Jun 6 2017

BRIEF-Egyptian Exchange updates on block trading of Global Telecom Holding

* Block trading on 99.3 million shares of Global Telecom Holding executed for total value of EGP 645.2 million Source:(http://bit.ly/2qWv764) Further company coverage:

BRIEF-Egyptian Exchange lists Global Telecom Holding's issued capital decrease

* Lists Global Telecom Holding's issued capital decrease to EGP 2.74 billion from EGP 3.04 billion Source:(http://bit.ly/2r6Ie37) Further company coverage:

BRIEF-Global Telecom unit Jazz acquires additional 4G/LTE spectrum in Pakistan

* Jazz won auction, awarding it 10 MHZ paired spectrum in 1800 MHZ band for a total consideration of $295 million plus withholding tax of 10 percent Source:(http://bit.ly/2qbJU8z) Further company coverage:

BRIEF-Egypt's Global Telecom Holding posts Q1 loss

* Q1 net loss attributable to shareholders $26 million versus profit of $48 million year ago

BRIEF-Egypt's Global Telecom approves termination of treasury shares to decrease capital

* Board approves to terminate 524.6 million treasury shares; to decrease issued capital to EGP 2.74 billion from EGP 3.04 billion Source: (http://bit.ly/2kTEvPR) Further company coverage:

BRIEF-Egypt's Global Telecom says cancellation of GDR listing to be effective on March 8

* Cancellation of GDR listing is expected to be effective around 8 March 2017 Source:(http://bit.ly/2kgF2vL) Further company coverage:

BRIEF-Egypt's Global Telecom Holding signs $200 mln short-term loan agreement

* Signs short-term loan agreement of $200 million with Citibank and ING for initial term of six months

BRIEF-Global Telecom and Vimpelcom appoints Matthieu Galvani CEO of Djezzy

* Says Vimpelcom and co appoints Matthieu Galvani CEO of Djezzy Source: (http://bit.ly/2jU69x8) Further company coverage:

Global Telecom Holding board approves share buy-back, $200 mln bridge loan

CAIRO, Jan 16 Global Telecom Holding's board approved a share buy-back of 524.6 million treasury shares and a bridge loan of $200 million from financial institutions, it said on Monday.

BRIEF-Global Telecom approves buyback of 524.6 mln shares at EGP 7.9

* Board approves buyback of 524.6 million treasury shares at price of EGP 7.90

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