Cairo – Mubasher: Global Telecom Holding’s (GTH) board of directors has approved to extend the maturity period of the $100 million revolving loan facility from Netherlands’ VEON Holdings B.V, GTH’s majority shareholder, for the third time.

The maturity period has been extended for an additional three months starting 31 May under the same terms and conditions, GTH said in a statement to the Egyptian Exchange (EGX) on Tuesday.

In November, GTH’s board had agreed to extend the maturity period of the revolving loan facility from the Dutch company.

In October, the EGX-listed firm’s board had approved to extend the maturity period of the $100 million loan facility from Veon.