GTH kicks to 26 June general assembly meeting to vote for EGP 11.2 bn capital increase

Emerging markets telecom operator Global Telecom Holding (GTH) has postponed to 26 June its general assembly meeting to vote for a capital increase of EGP 11.2 bn through a rights issue on the bourse, according to an EGX disclosure (pdf). The company said this came after majority shareholder Veon Holdings rescheduled debt repayments scheduled for May. This is the second time GTH has postponed the meeting.