Global Telecom Holding: Difference between revisions

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{{Short description|Multinational telecommunication company based in Egypt}}
{{refimprove|date=June 2015}}
{{Infobox company
| name = Global Telecom Holding S.A.E.<br/>{{resize|11.5pt|{{lang|ar|(جلوبال تيلكوم القابضة (ش.م.م}}}}
| logo = [[File:Global Telecom Logo.png|200px]]
| logo_size = 200px
| type = [[S.A. (corporation)|(شركةSociété مساهمةAnonyme مصرية (ش.م.مÉgyptienne]]
|predecessor = Orascom Telecom Holding S.A.E.
| traded_as = [[Egyptian Exchange|EGX]]: GTHE
|location = [[Amsterdam]], [[Netherlands]]
|predecessor former_name = Orascom Telecom Holding S.A.E.
|foundation = [[Cairo]], [[Egypt]] (1998)
| location = [[Amsterdam]], [[Netherlands]]
|parent = [[Veon (company)|Veon]]
| foundation = 1998 in [[Cairo]], [[Egypt]] (1998)
|products = mobile networks
| owner = [[VEON]] (98.24%)
|revenue = {{profit}} [[US dollar|US$]]2.956 billion (2016)
| products = mobile networks
|homepage = [http://www.gtelecom.com www.gtelecom.com]
| revenue = {{profit}} [[US dollar|US$]]2.956 billion (2016)
|key_people = Vincenzo Nesci <small>CEO</small><ref>{{citation | url=https://www.reuters.com/finance/stocks/companyNews?symbol=GTHE.CA |publisher=Reuters |date=2017 |accessdate=February 5, 2017 |title=Global Telecom Holding SAE GTHE.CA}}</ref>
| subsid = [[SLTMobitel]]<ref name="SLTY19">{{cite web|url=https://www.slt.lk/sites/default/files/sustainability_reports/SLT_AR_PDFV2.pdf|title=SLT Annual Report 2019|website=SLT}}</ref>
| homepage = [http://www.gtelecom.com www.gtelecom.com]
| key_people = Gerbrand Nijman<br /><small>([[Chief executive officer|CEO]])</small>
}}
'''Global Telecom Holding S.A.E.''' ('''GTH'''; formerly '''Orascom Telecom Holding S.A.E.''') '''(GTH)''' is ana international telecommunications[[holding company]] operatingbased in [[Mobile phone|mobileAmsterdam]], networksand ina severalsubsidiary nationsof the multinational telecommunications services company [[VEON]]. GTH ispreviously based inowned [[Amsterdammobile network operator]]s in multiple countries.
 
== Operations ==
Global Telecom (GTH) is operating in three emerging markets serving almost 100 million customers.{{Citation needed|date=June 2017}} The company has adelisted customer base under license of approximately 400 million people, where 50% offrom the population is below 24 years of age. It has a mobile telephony penetration of between 70 and 115% as of December 2016.{{Citation needed|date=June 2017}} Global Telecom operates networks in Algeria ([[Djezzy]]), Pakistan ([[Jazz Pakistan]]), North Korea ([[Koryolink]]), and Bangladesh ([[Banglalink]]).{{Citation needed|date=June 2017}} Global Telecom is traded on theEGX [[Egyptian Exchange]]<ref>{{cite web|url=http://www.egx.com.eg/English/CompanyDetails.aspx?ISIN=EGS74081C018|title=Global Telecom Holding|publisher=[[Egyptian Exchange]]}}</ref> and is based in Amsterdam, [[Netherlands]].<ref name="founding">{{cite web | url=http://www.orascomtelecomgtelecom.com/about/Contents/default.aspx?ID=765 | title=OrascomGlobal Telecom - History | deadurl=yes}}{{dead link| archiveurldate=https://web.archive.org/web/20061021015916/http://www.orascomtelecom.com/about/Contents/default.aspx?ID=765June 2020| archivedatebot=2006-10-21 medic}}{{cbignore| dfbot= medic}}</ref>
 
==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.<ref name="History">{{cite web | url=http://www.gtelecom.com/web/guest/history | title=History|access-date=2021-11-18}}</ref> Founded in 1998 as part of the Orascom company, it became the largest cellular operator in the Middle East in only five years.<ref name="Dow Jones">{{cite web |last1=Faucon |first1=Benoit |work=Dow Jones Newswires |url=https://www.wsj.com/articles/SB106306216787899900 | title=Egypt's Orascom Has Become Telecom Force in Arab World |date=2003-09-09 |access-date=2021-11-18}}</ref>
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 to form Global Telecom Holding based in [[Cairo]]. 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 and are not part of Global Telecom Holding.<ref name="Reuters">{{cite web |last1=Kiselyova |first1=Maria |last2=Dziadosz |first2=Alexander |work=Reuters |url=https://www.reuters.com/article/us-vimpelcom-orascom/vimpelcom-in-6-6-billion-deal-to-buy-orascom-wind-idUSTRE6934N020101004 | title=Vimpelcom in $6.6 billion deal to buy Orascom, Wind |date=2010-10-04 |access-date=2021-12-30}}</ref>
 
Orascom Telecom Holding has been renamed to Global Telecom Holding in 2013.<ref name="Telecompaper">{{cite web |work=Telecompaper |url=https://www.telecompaper.com/news/orascom-telecom-to-be-renamed-global-telecom--967334 | title=Orascom Telecom to be renamed Global Telecom |date=2013-09-17 |access-date=2021-12-30}}</ref> On 1 July 2019 Gerbrand Nijman (since June 2015 GTH's group CFO) succeeded Vincenzo Nesci as GTH's CEO.<ref>{{Cite news |date={{date|2019|07|04}} |title=GTH appoints Gerband Nijman as CEO |pages=1 |work=Global Telecom Holding S.A.E. |url=http://www.gtelecom.com/documents/10157/263377/GTH+CEO+Appointment+04-JUL-19+%28E%29.pdf |access-date=2023-02-05}}</ref>
 
==References==
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{{Telecommunications}}
{{Use dmy dates|date=March 2024}}
 
 
[[Category:TelecommunicationsCompanies organizationsbased in Amsterdam]]
[[Category:Holding companies of the Netherlands]]
[[Category:VEON]]
[[Category:1998 establishments in Egypt]]