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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, Feb 21 2017

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

BRIEF-Global Telecom says its Algerian unit has launched 4G services

* Says its Algerian unit has launched 4G services Source text for Eikon: Further company coverage:

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