VimpelCom expects GTH’s Mobilink to sell its towers within three to six months
Global Telecom Holding’s (GTH) [GLTDq.L] parent, VimpelCom, expects the former’s Pakistani subsidiary, Mobilink, to sell its towers within three to six months, according to the company. This is in line with the company’s asset-light strategy. Moreover, VimpelCom expects Mobilink to spend cUSD1bn in capex within five years. (Company disclosure) Global Telecom Holding: USD1.93 per GDR/ USD3.90 per share as of 17 July 2016, Rating: Buy, FV: USD2.93 per GDR/ EGP5.20 per share, MCap: USD2,025mn, GLTD LI / GLTDQ.L
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