Cairo – Mubasher: HSBC Securities Egypt on Thursday announced that Moon Capital Partners Master Fund Limited has raised its stake in Global Telecom Holding (GTH) to 4.8% from 4.07%.
The transaction was implemented at a value of EGP 109.94 million or at an average price of EGP 3.2 per share, according to a filing to the Egyptian Exchange (EGX).
GTH previously reported turning to losses on a yearly basis for the first nine months of 2018.
Losses amounted to $345.1 million for the nine-month period ended September, against a profit of $56.8 million in the same period of the prior year.
Revenues narrowed to $2.12 billion by the end of September, from $2.29 billion in the same period the year before.
