Global Telecom Holding
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. Its sole business unit as of 2020 is the Algerian mobile provider Djezzy.
 | |
| Formerly | Orascom Telecom Holding |
|---|---|
| Type | Société Anonyme Égyptienne |
| EGX: GTHE | |
| Founded | 1998 in Cairo, Egypt |
| Headquarters | Amsterdam, Netherlands |
Key people | Vincenzo Nesci (CEO) |
| Products | mobile networks |
| Revenue |  US$2.956 billion (2016) |
| Owner | Veon (98.24%) |
| Subsidiaries | SLTMobitel[1] |
| Website | www.gtelecom.com |
Operations
Global Telecom Holding (GTH) is operating in Algeria a mobile network (Djezzy) serving more than 15 million customers after it has sold its mobile operations in Pakistan and Bangladesh in 2H2019. Global Telecom has delisted from the EGX Egyptian Exchange[2] and is based in Amsterdam, Netherlands.[3]
History
In 1997, Orascom Telecom Holding (OTH) was established as e separate entity to consolidate the telecommunications and technology interests of the Orascom group of companies established in 1976.[4] Founded in 1998 as part of the Orascom company, it became the largest cellular operator in the Middle East in only five years.[5]
On 1 July 2019 Gerbrand Nijman (since June 2015 GTH's group CFO) has succeeded Vincenzo Nesci (retired) as GTH's CEO.
References
- "SLT Annual Report 2019" (PDF). SLT. SLT.
- "Global Telecom Holding". Egyptian Exchange.
- "Global Telecom - History".
- "History". Retrieved 2021-11-18.
- Faucon, Benoit (2003-09-09). "Egypt's Orascom Has Become Telecom Force in Arab World". Dow Jones Newswires. Retrieved 2021-11-18.
