{"id":650332,"date":"2017-03-21T03:59:30","date_gmt":"2017-03-21T03:59:30","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/21\/global-telecom-completes-usd-60-mn-payment-to-atheer\/"},"modified":"2017-03-21T03:59:30","modified_gmt":"2017-03-21T03:59:30","slug":"global-telecom-completes-usd-60-mn-payment-to-atheer","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/21\/global-telecom-completes-usd-60-mn-payment-to-atheer\/","title":{"rendered":"Global Telecom completes USD 60 mn payment to Atheer"},"content":{"rendered":"

Global Telecom Holding (GTH) paid Atheer Telecom Iraq the USD 60 mn indemnity that an English High Court found it liable of in February, the company\u2019s IR director Alaa Tayeh tells Al Mal<\/a>. Both GTH and Orascom Telecom Iraq (OTI) had been forced to pay USD 60 mn, in addition to<\/a> USD 7.75 mn in accrued interest and GBP 1.25 mn in interim legal costs, to Atheer on grounds of a tax dispute that originated in 2007 from the sale of OTI mobile subsidiary Iraqna to Atheer.<\/p>\n","protected":false},"excerpt":{"rendered":"

Global Telecom Holding (GTH) paid Atheer Telecom Iraq the USD 60 mn indemnity that an English High Court found it liable of in February, the company\u2019s IR director Alaa Tayeh tells Al Mal. Both GTH and Orascom Telecom Iraq (OTI) had been forced to pay USD 60 mn, in addition to USD 7.75 mn in […]<\/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":[9290],"tags":[72,2369],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-650332","post","type-post","status-publish","format-standard","hentry","category-telecoms-ict","tag-enterpriseam","tag-telecoms-ict","wpautop","entry"],"acf":{"mongo_id":"13838116-314e-4f0c-b180-f8435bd36f55","order":"0","is_powered_by":true,"section_story_id":"4a06e605-c14e-41c6-a2a6-367f6b916fe8","story_type":"1","photo_url":"","photo_position":"above","related_issue":[650296],"teaser":"","voice_url":""},"yoast_head":"\nGlobal Telecom completes USD 60 mn payment to Atheer - 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\/03\/21\/global-telecom-completes-usd-60-mn-payment-to-atheer\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Global Telecom completes USD 60 mn payment to Atheer\" \/>\n<meta property=\"og:description\" content=\"Global Telecom Holding (GTH) paid Atheer Telecom Iraq the USD 60 mn indemnity that an English High Court found it liable of in February, the company\u2019s IR director Alaa Tayeh tells Al Mal. 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The dispute is from the 2007 sale of Iraqna, OTIL's Iraqi mobile subsidiary, to Atheer, which sought\u2026","rel":"","context":"In "Telecoms + ICT"","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":649688,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/06\/uk-court-orders-gth-and-orascom-to-pay-additional-usd-7-75-mn-in-accrued-interest-in-atheer-case\/","url_meta":{"origin":650332,"position":1},"title":"UK court orders GTH and Orascom to pay additional USD 7.75 mn in accrued interest in Atheer case","author":"enterpriseam admin","date":"6 March 2017","format":false,"excerpt":"A UK court ordered Global Telecom Holding (GTH) and Orascom Telecom Iraq (OTI) to pay an additional USD 7.75 mn in accrued interest and GBP 1.25 mn in interim legal costs on top of the USD 60 mn they will be paying Atheer Telecom Iraq Limited by 15 March a\u2026","rel":"","context":"In "Telecoms + ICT"","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":635697,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/11\/gth-extends-usd-200-mn-loan-agreement\/","url_meta":{"origin":650332,"position":2},"title":"GTH extends USD 200 mn loan agreement","author":"enterpriseam admin","date":"11 December 2017","format":false,"excerpt":"Global Telecom Holding announced entering into an amendment agreement for a USD 200 mn unsecured short-term loan agreement with Citi and ING Bank, according to a company statement.","rel":"","context":"In "Telecoms + ICT"","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":651184,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/02\/06\/global-telecom-holding-to-sign-usd-200-mn-loan-agreement-with-citi-and-ing-bank\/","url_meta":{"origin":650332,"position":3},"title":"Global Telecom Holding to sign USD 200 mn loan agreement with Citi and ING Bank","author":"enterpriseam admin","date":"6 February 2017","format":false,"excerpt":"Global Telecom Holding will be signing an unsecured short-term loan agreement for USD 200 mn with Citi and ING Bank to finance its share buy-back program, Al Borsa reported. 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