Global Telecom Holding

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Global Telecom Holding S.A.E.
Public (LSE: GLTD)
Predecessor Orascom Telecom Holding S.A.E.
Founded Cairo, Egypt (1998)
Headquarters Cairo, Egypt[1]
Key people
 Khaled Bichara, Executive Chairman, Ahmed Abou Doma, Group CEO
Products Mobile networks, Internet Services
Revenue Increase$5.065 billion USD (2009)
Parent Wind Telecom (51.7%)
Free Float (48.3%)[2]
Slogan 'Giving the World a Voice'
Website www.gtelecom.com
File:Orascom Telecom logo.png
Former Orascom Telecom logo

Global Telecom Holding S.A.E. (formerly Orascom Telecom Holding S.A.E.) is an 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.

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.[3]

Global operations

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.

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

GTH formerly[4] had an indirect equity ownership in Canadian mobile operator WIND Mobile Corporation which had been granted a spectrum license in Canada. The company is now independently owned by a Canadian-American investment consortium and has no legal connection to GTH and Wind Telecom.[5]

GSM Association

GTH established a strong presence in the GSM Association (the world's leading wireless industry representative body) only five years after its inception.[citation needed]

GTelecom Stock

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

Other sectors

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.

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

References

  1. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  2. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  3. ↑ Press Release seen on 15.09.2011
  4. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  5. ↑ Lua error in package.lua at line 80: module 'strict' not found.

External links

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