Egypt's Global Telecom to move headquarters to Amsterdam

Egypt-listed Global Telecom (GTH) will move its operational headquarter to Amsterdam from Cairo, the firm said in a statement on Monday.

"The strategic move is a natural evolution in GTH's development following VimpleCom's acquisition of a 51.9 percent stake in 2011 and the reorganisation plan announced by the company on Jan. 4, 2015," it said.