News: Global Telecom Holding SAE (ORSTF.PK)

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

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9 Jun 2014
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Thu, May 22 2014

Egypt's Global Telecom books in cost of Algerian settlement

CAIRO, May 22 - Egypt's Global Telecom has restated its results for last year, increasing its net loss to 20 billion Egyptian pounds ($2.81 billion) from a previously reported $924-million after booking in the costs of settling a long running dispute with Algeria over ownership of local telecoms operator Djezzy.

UPDATE 1-Egypt's Global Telecom posts Q1 net profit of $43 mln

CAIRO, May 14 - International telecoms firm Global Telecom Holding, the Egypt-based group formerly called Orascom Telecom, reported on Wednesday a net profit of $43 million for the first quarter of 2014.

Egypt's Global Telecom posts Q1 net profit of $43 mln

CAIRO, May 14 - International telecoms firm Global Telecom Holding, the Egypt-based group formerly called Orascom Telecom, reported on Wednesday a net profit of $43 million for the first quarter of 2014.

MIDEAST STOCKS-Most Gulf mkts rise; Dubai stalls, Egypt retreats

DUBAI, May 8 - Most Gulf bourses rose on Thursday as banking stocks lifted Qatar and Abu Dhabi, but Dubai was flat and Egypt extended declines.

Telenor to take $333 mln charge on Vimpelcom's Algeria deal

OSLO, April 30 - Norway's Telenor will book a 2 billion crown ($333.26 million) one-off charge related to Vimpelcom's sale of a majority stake in Orascom Telecom Algeria, also known as Djezzy, to the Algerian government, it said on Wednesday.

MIDEAST STOCKS-UAE markets slide; Qatar, Egypt rebound

DUBAI, April 30 - Stock markets in the United Arab Emirates remained weak on Wednesday while bourses in Qatar and Egypt rebounded after several days of losses.

Banglalink Digital issues $300 mln bond

CAIRO, April 28 - Egypt's Global Telecom Holding said on Monday its Bangladeshi subsidiary Banglalink Digital Communications Limited issued Bangladesh's first international bond.

MIDEAST STOCKS-Qatar ends at all-time high, Dubai scales 5,000 mark

DUBAI, April 22 - Qatar's bourse hit an all-time closing high on Tuesday as shares in several companies jumped ahead of first-quarter earnings reports, while Dubai's bourse broke through resistance to close above 5,000 points for the first time since August 2008.

Kuwait's Zain says sued for $4.5 bln over Iraq telco buy

* Unidentified firm suing Zain over its 2007 acquisition of Iraqna

Russia's Vimpelcom solves Algeria dispute with $2.6 bln deal

MOSCOW, April 18 - Russian telecoms operator Vimpelcom said on Friday it had resolved an ongoing shareholder battle in Algeria with the sale of a 51 percent stake in Orascom Telecom Algeria to the Algerian National Investment Fund for $2.6 billion.

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