Global Telecom Oks $350 mln Loans to Bangalink, Mobilink

Cairo-based Global Telecom Holding (GTH) (GTHE.CA on EGX) (Previously Orascom Telecom Holding S.A.E.) announced on Tuesday that its board approved two loans to its fully-owned affiliates Banglalink and Mobilink.

Global Telecom’s board, which held its meeting on April 17, 2014, endorsed a $200 million loan to Banglalink Digital Communications Limited. In addition, the board had also ratified a $150 million loan to Pakistan Mobile Communications Limited (Mobilink).