Global Telecom Holding

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Global Telecom Holding S.A.E.
Public (LSEGLTD)
Predecessor Orascom Telecom Holding S.A.E.
Founded Cairo, Egypt (1998)
Headquarters Cairo, Egypt[1]
Key people

Anton Kudryashov CEO, Gerbrand Nijman, CFO

[2]
Products Mobile networks, Internet Services
Revenue Increase US$5.065 billion (2009)
Parent Wind Telecom (51.7%)
Free Float (48.3%)[3]
Website www.gtelecom.com
Former Orascom Telecom logo

Global Telecom Holding S.A.E. (formerly Orascom Telecom Holding S.A.E.) (GTH) is an Egypt-based international telecommunications company operating GSM networks in the Middle East, Africa, Canada, and Asia. It started its operations in Egypt by launching the first Egyptian mobile operator Mobinil in 1998.[4]

On April 15, 2011, VimpelCom Ltd. announced the closing of the combination of VimpelCom and Global Telecom/WIND Telecom SpA. Therefore, VimpelCom will own, through WIND Telecom SpA, 51.7% of Global Telecom Holding SAE and 100% of WIND Telecomunicazioni SpA (WIND Italy) and will be the sixth largest mobile telecom provider in the world.[5]

Global operations[edit]

From 200,000 subscribers in 1998 to more than 101 million subscribers, through its parent company Wind Telecom, Global Telecom (GTH) established itself as a global brand. Operating in eleven emerging markets, the company has a population under license of approximately 517 million with an average mobile telephony penetration of approximately 48% as of December 2010. Global Telecom operates GSM networks in Algeria (Djezzy GSM), Pakistan (Mobilink), Bangladesh (Banglalink), Burundi (Leo Burundi), DR Congo (SAIT - owned via Telecel International), Central African Republic (Telecel CAR), North Korea (Koryolink) and Zimbabwe (Telecel Zimbabwe). In 2009, the company was also awarded the management contract of one of the Lebanese mobile telecommunications operator Alfa from the government of Lebanon and introduced 3G followed by 4G-LTE connectivity. Current CEO is Marwan Hayek.

GTH formerly had operated networks in Egypt (Mobinil - sold to Orange S.A.) and Namibia (TN Mobile - nationalized by Namibian government).

The Canadian federal government approved the plan by a AAL Acquisitions Corp, an Canadian-American investment consortium, of Globalive's and the Canadian private equity firm West Face Capital, spearheaded by Tony Lacavera, to purchase struggling wireless company -Wind’s - majority shareholder Russian-Dutch VimpelCom Ltd. for $135 million. Globalive and West Face Capital assumed VimpelCom's $150 million in Wind's debt.[6] GTH had an indirect equity ownership in Canadian mobile operator WIND Mobile Corporation which had been granted a spectrum license in Canada. With the 2014 sale, Wind Mobile was independently owned by AAL Acquisitions Corp and has no legal connection to GTH and Wind Telecom.[7]

GSM Association[edit]

GTH established a strong presence in the GSM Association trade body that represents the interests of mobile operators worldwide. (the world's leading wireless industry representative body) only five years after its inception.[citation needed][8][9][10][11]

GTelecom Stock[edit]

Global Telecom is traded on the Cairo & Alexandria Stock Exchange and on the London Stock Exchange.[12]

Other sectors[edit]

Global Telecom has other Non-GSM companies including Arpu+, Ring, and Mena Cables. It has also extended its operation into Brussels, Belgium, through subsidiaries that are researching and developing WiMax technology, the successor of current Wi-Fi wireless technology.

Wind Telecom S.p.A.[edit]

Global Telecom Holding parent company is Wind Telecom, formerly Weather Investments. Wind Telecom also owns Wind Telecomunicazioni S.p.A., the third largest mobile operator in Italy (bought May 2005).

See also[edit]

References[edit]

  1. ^ "Orascom Telecom - History". 
  2. ^ Global Telecom Holding SAE GTHE.CA, Reuters, 2017, retrieved February 5, 2017 
  3. ^ "Global Telecom - Key Facts". gtelecom.com. 
  4. ^ "Mobinil Telecommunications S.A.E.: Private Company Information - Businessweek". www.bloomberg.com. Bloomberg. Retrieved October 29, 2016. 
  5. ^ Press Release seen on 15.09.2011 deadurl
  6. ^ "Wind Mobile buyout deal gets Ottawa's OK: Wind chair Tony Lacavera put together consortium to buy out VimpelcomCBC News Posted: Nov 04, 2014 4Wind Mobile buyout deal gets Ottawa's OK". CBC News. November 4, 2014. Retrieved November 5, 2014. 
  7. ^ "VimpelCom and Global Telecom Holding to sell their interest in Wind Canada". Global Telecom Holding. September 16, 2014. Retrieved August 11, 2015. 
  8. ^ "GSMA appoints Mats Granryd as new director general". The Register. Retrieved 25 August 2015. 
  9. ^ "Happy 20th birthday, GSM". ZDNet. Retrieved 7 September 2007. 
  10. ^ "Sunil Bharti Mittal elected as GSMA Chairman". Business Standard. 27 October 2016. 
  11. ^ "Working groups". GSMA. 
  12. ^ "Global Telecom Holding Press Release - RNS - London Stock Exchange". www.londonstockexchange.com. Retrieved 29 October 2016. 

External links[edit]