VimeplCom denies swapping its stake in GTH for part of Telenor's stake in VimpelCom
VimpelCom has denied rumours that it is considering swapping its 51.9% stake in Global Telecom Holding (GTH) [GLTDq.L] for a 12% stake in VimpelCom, which Telenor owns, according to VimpelCom’s press office. The company stated that “such speculation is without any basis in fact”. Telenor currently owns 23.7% of VimpelCom. (Bloomberg) Global Telecom Holding: USD1.79 per GDR/ EGP7.15 per share as of 18 January 2017, Rating: Buy, TP: USD2.93 per GDR/ EGP10.48 per share, MCap: USD1,878mn, GLTD LI / GLTDQ.L
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