VEON Telecom company has not yet received permission from the Egyptian financial authority for a privatization of subsidiary GTE. The Amsterdam-listed company announced this on Wednesday.

VEON announced the plan to get GTE from the Egyptian stock exchange in 2017, with the intention of simplifying the company structure. The company says that it remains committed to this and continues to negotiate with the Egyptian financial authority and other stakeholders to find a solution.

Load More Related Articles
Load More By WeeklyNews staff
Load More In Business

Leave a Reply

Your email address will not be published. Required fields are marked *

Check Also

Martin Zielke to step down from Commerzbank

CEO of the German Commerzbank, Martin Zielke, is willing to step down as the supervisory b…