Global Telecom Holding S.A.E. (GTH; formerly Orascom Telecom Holding) is a

holding company A holding company is a company whose primary business is holding a controlling interest in the securities of other companies. A holding company usually does not produce goods or services itself. Its purpose is to own shares of other companies ...

based in

Amsterdam Amsterdam ( , , , lit. ''The Dam on the River Amstel'') is the capital and most populous city of the Netherlands, with The Hague being the seat of government. It has a population of 907,976 within the city proper, 1,558,755 in the urban ar ...

, and a subsidiary of the multinational telecommunications services company

VEON VEON Ltd. (formerly VimpelCom Ltd.) is a Dutch-domiciled multinational telecommunication services company. It predominantly operates services in the regions of Asia, Africa and Europe. It is the 13th largest mobile network operator in the worl ...

. GTH previously owned

mobile network operator A mobile network operator (MNO), also known as a wireless service provider, wireless carrier, cellular company, or mobile network carrier, is a provider of wireless communications services that owns or controls all the elements necessary to sel ...

s in multiple countries. Its sole business unit is the

Algeria ) , image_map = Algeria (centered orthographic projection).svg , map_caption = , image_map2 = , capital = Algiers , coordinates = , largest_city = capital , relig ...

n mobile provider

Djezzy Djezzy (Arabic: جازي) is Algeria's principal mobile network operator, with a market share of 65% (over 16.49 million subscribers in December 2016) and a network covering 90% of the population (48 wilayas). Djezzy is wholly owned by the Algeria ...

Operations

Global Telecom Holding (GTH) is operating in Algeria (

) serving more than 15 million customers after it has sold its mobile operations in Pakistan and Bangladesh in 2019. Global Telecom has delisted from the EGX

Egyptian Exchange The Egyptian Exchange (EGX), Egypt's stock exchange, comprises two exchanges, Cairo and Alexandria, both governed by the same board of directors and sharing the same trading, clearing and settlement systems. Presently, the chairman of the Egyptian ...

and is based in Amsterdam,

Netherlands ) , anthem = ( en, "William of Nassau") , image_map = , map_caption = , subdivision_type = Sovereign state , subdivision_name = Kingdom of the Netherlands , established_title = Before independence , established_date = Spanish Netherl ...

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. Founded in 1998 as part of the Orascom company, it became the largest cellular operator in the Middle East in only five years. 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 Cairo ( ; ar, القاهرة, al-Qāhirah, ) is the capital of Egypt and its largest city, home to 10 million people. It is also part of the largest urban agglomeration in Africa, the Arab world and the Middle East: The Greater Cairo metr ...

. 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. Orascom Telecom Holding has been renamed to Global Telecom Holding in 2013. On 1 July 2019 Gerbrand Nijman (since June 2015 GTH's group CFO) has succeeded Vincenzo Nesci (retired) as GTH's CEO.

References

External links

Global Telecom
{{Telecommunications Companies based in Amsterdam Holding companies of the Netherlands VEON 1998 establishments in Egypt