Global Telecom Holding
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| Formerly | Orascom Telecom Holding |
|---|---|
Company type | Société Anonyme Égyptienne |
| EGX: GTHE | |
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| Headquarters | Amsterdam, Netherlands |
| Products | mobile networks |
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| Owner | VEON (98.24%) |
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Global Telecom Holding S.A.E. (GTH; formerly Orascom Telecom Holding) is a holding company based in Amsterdam, and a subsidiary of the multinational telecommunications services company VEON. GTH previously owned mobile network operators in multiple countries.
Operations
Global Telecom has delisted from the Egyptian Exchange (EGX)[1] and is based in Amsterdam, Netherlands.[2][permanent dead link]
History
In 1997, Orascom Telecom Holding (OTH) was established as a separate entity to consolidate the telecommunications and technology interests of the Orascom group of companies established in 1976.[3] Founded in 1998 as part of the Orascom company, it became the largest cellular operator in the Middle East in only five years.[4]
In 2010, Russian Vimpelcom acquired Orascom Telecom as well as Wind Telecomunicazioni from Weather Investments of the Egyptian entrepreneur Naguib Sawiris and merged the two companies. This led to the establishment of two separate companies, Orascom Telecom Holding, based in Cairo, and Orascom Telecom Media and Technology Holding. Excluded from this transaction were the activities in North Korea (Koryolink) and Egypt, which were transferred to Orascom Telecom Media and Technology Holding, which remained majority-owned by Naguib Sawiris. The Italian activities of Wind Telecomunicazioni report directly to the parent company Vimpelcom.[5]
Orascom Telecom Holding has been renamed to Global Telecom Holding in 2013.[6] On 1 July 2019 Gerbrand Nijman (since June 2015 GTH's group CFO) succeeded Vincenzo Nesci as GTH's CEO.[7]
References
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- ^ Page Module:Citation/CS1/styles.css has no content."Global Telecom Holding". Egyptian Exchange.
- ^ Page Module:Citation/CS1/styles.css has no content."Global Telecom - History".
- ^ Page Module:Citation/CS1/styles.css has no content."History". Archived from the original on 18 November 2021. Retrieved 18 November 2021.
- ^ Page Module:Citation/CS1/styles.css has no content.Faucon, Benoit (9 September 2003). "Egypt's Orascom Has Become Telecom Force in Arab World". Dow Jones Newswires. Retrieved 18 November 2021.
- ^ Page Module:Citation/CS1/styles.css has no content.Kiselyova, Maria; Dziadosz, Alexander (4 October 2010). "Vimpelcom in $6.6 billion deal to buy Orascom, Wind". Reuters. Retrieved 30 December 2021.
- ^ Page Module:Citation/CS1/styles.css has no content."Orascom Telecom to be renamed Global Telecom". Telecompaper. 17 September 2013. Retrieved 30 December 2021.
- ^ Page Module:Citation/CS1/styles.css has no content."GTH appoints Gerband Nijman as CEO" (PDF). Global Telecom Holding S.A.E. 2019. p. 1. Archived from the original (PDF) on 5 February 2023. Retrieved 5 February 2023.
External links
- Global TelecomScript error: No such module "webarchive".
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