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Wireless

Global Telecom approves Veon's USD 2.3 bln asset transfer offer

Tuesday 20 August 2019 | 11:09 CET | News
Global Telecom Holding's (GTH's) board has approved Veon's offer to acquire all of GTH's operating assets for USD 2.3 billion, Ahram reported citing GTH's bourse filing. Veon will acquire the company's stakes in Jazz, Bangalink, Djezzy (including MedCable), and Mobilink Bank for PKR 313.3 billion, BDT 24.9 billion, DZD 70.2 billion and PKR 14.7 billion respectively. The board also postponed the shareholders' meeting to discuss the transaction to 09 September from 27 August. 

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Categories: Mobile & Wireless
Companies: Djezzy / Global Telecom / Global Telecom Holdings / Jazz / Mobilink / Veon
Countries: Egypt / World
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