Orascom Telecom Endorses Service Agreement Inked With VimpelCom, Ok Rebranding

During their ordinary general meeting held on Monday, shareholders of Orascom Telecom Holding (OTH) (ORTE.CA) endorsed the service agreement inked with VimpelCom Ltd. (VIP). They also dropped the unpaid returns from the loan owed by Globalive Wireless Management.

Meanwhile, OTH’s extraordinary general meeting (EGM) approved rebranding the company to Global Telecom Holding, and amending article No. 2 of Articles of Incorporation accordingly.