{"id":637225,"date":"2017-11-12T04:00:21","date_gmt":"2017-11-12T04:00:21","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/12\/gth-appoints-pharos-to-evaluate-veon-mto\/"},"modified":"2017-11-12T04:00:21","modified_gmt":"2017-11-12T04:00:21","slug":"gth-appoints-pharos-to-evaluate-veon-mto","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/12\/gth-appoints-pharos-to-evaluate-veon-mto\/","title":{"rendered":"GTH appoints Pharos to evaluate Veon MTO"},"content":{"rendered":"<p><strong>M&A WATCH- <\/strong>Global Telecom Holding (GTH) <a href=\"http:\/\/www.egx.com.eg\/downloads\/News\/%D8%AC%D9%84%D9%88%D8%A8%D8%A7%D9%84%20%D9%85%D8%AC%D9%84%D8%B3%2009-11-2017.pdf\">has appointed<\/a> Pharos Holding as an independent financial advisor to evaluate the mandatory tender offer presented by Veon Holdings to acquire the company. Veon, which already owns 57.7% of GTH, <a href=\"https:\/\/enterprise.press\/#tldr-story-06\">submitted an offer<\/a> to acquire GTH shares at EGP 7.90 per share last week.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>M&#038;A WATCH- Global Telecom Holding (GTH) has appointed Pharos Holding as an independent financial advisor to evaluate the mandatory tender offer presented by Veon Holdings to acquire the company. Veon, which already owns 57.7% of GTH, submitted an offer to acquire GTH shares at EGP 7.90 per share last week.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-637225","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"d8f5f5f7-99a9-4ccc-b962-85ab041e0ffe","order":"0","is_powered_by":true,"section_story_id":"9fdc7ee7-be5e-4ae6-8446-83ec162ebbb6","story_type":"1","photo_url":"","photo_position":"above","related_issue":[637211],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>GTH appoints Pharos to evaluate Veon MTO - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/12\/gth-appoints-pharos-to-evaluate-veon-mto\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"GTH appoints Pharos to evaluate Veon MTO\" \/>\n<meta property=\"og:description\" content=\"M&amp;A WATCH- Global Telecom Holding (GTH) has appointed Pharos Holding as an independent financial advisor to evaluate the mandatory tender offer presented by Veon Holdings to acquire the company. Veon, which already owns 57.7% of GTH, submitted an offer to acquire GTH shares at EGP 7.90 per share last week.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/12\/gth-appoints-pharos-to-evaluate-veon-mto\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-11-12T04:00:21+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/12\/gth-appoints-pharos-to-evaluate-veon-mto\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/12\/gth-appoints-pharos-to-evaluate-veon-mto\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"GTH appoints Pharos to evaluate Veon MTO\",\"datePublished\":\"2017-11-12T04:00:21+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/12\/gth-appoints-pharos-to-evaluate-veon-mto\/\"},\"wordCount\":56,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/12\/gth-appoints-pharos-to-evaluate-veon-mto\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/12\/gth-appoints-pharos-to-evaluate-veon-mto\/\",\"name\":\"GTH appoints Pharos to evaluate Veon MTO - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2017-11-12T04:00:21+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/12\/gth-appoints-pharos-to-evaluate-veon-mto\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/12\/gth-appoints-pharos-to-evaluate-veon-mto\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/12\/gth-appoints-pharos-to-evaluate-veon-mto\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"GTH appoints Pharos to evaluate Veon MTO\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"GTH appoints Pharos to evaluate Veon MTO - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/12\/gth-appoints-pharos-to-evaluate-veon-mto\/","og_locale":"en_US","og_type":"article","og_title":"GTH appoints Pharos to evaluate Veon MTO","og_description":"M&A WATCH- Global Telecom Holding (GTH) has appointed Pharos Holding as an independent financial advisor to evaluate the mandatory tender offer presented by Veon Holdings to acquire the company. 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FRA says it is studying the offer. Veon is the name VimpelCom\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":622836,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/14\/veon-withdraws-offer-to-acquire-gth-assets-in-pakistan-and-bangladesh\/","url_meta":{"origin":637225,"position":1},"title":"Veon withdraws offer to acquire GTH assets in Pakistan and Bangladesh","author":"enterpriseam admin","date":"14 October 2018","format":false,"excerpt":"Amsterdam-based Veon has withdrawn its offer to acquire Global Telecom Holding\u2019s (GTH) Pakistan subsidiary Jazz, and its Bangladesh-based telecom firm Banglalink for approximately USD 2.6 bn, GTH announced on Thursday in a statement.","rel":"","context":"In &quot;Other Business News of Note&quot;","block_context":{"text":"Other Business News of Note","link":"https:\/\/enterpriseam.com\/egypt\/category\/other-business-news-of-note\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":600800,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/11\/veon-moves-ahead-with-egx-listed-gth-take-private-bid\/","url_meta":{"origin":637225,"position":2},"title":"Veon moves ahead with EGX-listed GTH take-private bid","author":"enterpriseam admin","date":"11 February 2019","format":false,"excerpt":"M&A WATCH- Veon files for approval of EGP 11 bn GTH takeover bid: Veon Holdings, the majority shareholder in EGX-listed Global Telecom Holding (GTH), has filed for regulatory approval to make a tender offer for the 42.3% of the company that it does not already own, the Financial Regulatory Authority\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":596959,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/14\/veon-nearly-completes-mto-of-42-3-of-global-telecom-holding\/","url_meta":{"origin":637225,"position":3},"title":"Veon nearly completes MTO of 42.3% of Global Telecom Holding","author":"enterpriseam admin","date":"14 July 2019","format":false,"excerpt":"M&A WATCH- GTH nearly completes sale of 42.3% stake to Veon: Global Telecom Holding (GTH) shareholders have completed the sale of 37% of the 1.99 bn shares in a mandatory tender offer (MTO) launched by majority shareholder Veon to acquire 42.3% of the company, the local press reported. Shareholders offered\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":626857,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/12\/gth-taps-kamco-fincorp-as-financial-advisors-for-veon-acquisition-offer\/","url_meta":{"origin":637225,"position":4},"title":"GTH taps KAMCO, Fincorp as financial advisors for Veon acquisition offer","author":"enterpriseam admin","date":"12 July 2018","format":false,"excerpt":"Global Telecom Holdings\u2019 board of directors has tapped KAMCO Investment Company and Fincorp Investment Holding as financial advisors for Amsterdam-based Veon Holdings\u2019 acquisition offer, the company said in a statement to the EGX (pdf). Veon had made an offer last week to acquire GTH\u2019s Pakistan subsidiary Jazz and its associated\u2026","rel":"","context":"In &quot;Telecoms + ICT&quot;","block_context":{"text":"Telecoms + ICT","link":"https:\/\/enterpriseam.com\/egypt\/category\/telecoms-ict\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":629909,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/04\/veon-withdraws-mandatory-offer-to-purchase-remaining-stake-of-global-telecom\/","url_meta":{"origin":637225,"position":5},"title":"Veon withdraws mandatory offer to purchase remaining stake of Global Telecom","author":"enterpriseam admin","date":"4 April 2018","format":false,"excerpt":"M&A WATCH- Veon withdraws EGP 15 bn bid for Global Telecom: Amsterdam-based Veon Holdings withdrew a mandatory offer to purchase the 42.3% of Global Telecom Holding (GTH) that it doesn\u2019t already own, according to regulatory filing from GTH (pdf). 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