Jan

Global Telecom Surges in Cairo After Veon Offers Funding Support

Veon exploring option to take the telecom company private
Egypt regulator says it’ll take steps to support shareholders

Global Telecom Holding climbed the most allowed in a day after its majority shareholder offered to support the company’s funding requirements and look at taking it private.

The shares jumped about 10 percent, the most in three months, in Cairo. They have lost half their value in the past 12 months…

Categories : Private Equity

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Global Telecom Surges in Cairo After Veon Offers Funding Support

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