January 3, 2018 / 8:18 AM / 5 months ago

BRIEF-Global Telecom Says ETA Orders Seizure of Disputed Amount Of EGP 990 MLN

Jan 3 (Reuters) - GLOBAL TELECOM HOLDING:

* RECEIVED INFORMATION ABOUT ADMINISTRATIVE SEIZURE ORDER BY EGYPTIAN TAX AUTHORITY (ETA) FOR CO’S LOCAL BANK ACCOUNTS FOR CONTESTED AMOUNT OF EGP 990 MLN‍​

* SAYS WILL CONTEST UNILATERAL SEIZURE ACTION TAKEN BY EGYPTIAN TAX AUTHORITY REGARDING 2016 DISPUTED TAX CLAIMS Source:(bit.ly/2CIN2Qo) Further company coverage:

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