Global Telecom Holding
The deal was executed through 32.9 million shares, at LE 5.08 per share, according to the statement.
Global Telecom Holding announced the approval of its board of directors to the offer submitted by VEON Ltd. to acquire the company’s assets for $2.3 billion.
Global Telecom Holding’s subsidiary in Pakistan, Jazz, signed a deal to sell its tower company Deodar for $940 million.
Total revenues rose 10.4 percent to reach $765 million in Q2 of 2017 from $693 million in the same period of the previous year.
Three Egyptian companies have been listed on the prestigious Forbes Top 100 Arab Companies list, released Wednesday.