Egypt’s Global Telecom says to move headquarters to Amsterdam

Egypt-listed Global Telecom (GTH), previously named Orascom Telecom Holding, will move its operational headquarter to Amsterdam from Cairo, the firm said in a statement Monday.

“The strategic move is a natural evolution in GTH’s development following VimpleCom’s acquisition of a 51.9 percent stake in 2011 and the reorganisation plan announced by the company on Jan. 4, 2015,” it said.

The firm will continue to have a registered office in Cairo and the move will not have an impact on its listing on the Cairo stock exchange, it said.

Source: Reuters