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GlobalTelecom Hdg (GLTD)


Friday 18 July, 2014

GlobalTelecom Hdg

appoints Jeffrey Hedberg as CEO of Mobilink

RNS Number : 6747M
Global Telecom Holding S.A.E
18 July 2014

Global Telecom appoints Jeffrey Hedberg as CEO of Mobilink in Pakistan


Cairo/London, July 18, 2014: Global Telecom Holding ("GTH" or "the company") announces that Jeffrey Hedberg has been appointed as Chief Executive Officer of Mobilink in Pakistan. He succeeds Rashid Khan, who has decided to retire after over 14 years in leading positions with Mobilink and banglalink. Rashid Khan will continue to perform the duties of the CEO of Mobilink until such time that Jeffrey Hedberg assumes office in Pakistan, which is expected in early August 2014.


Vincenzo Nesci, GTH's CEO commented: "I would like to thank Rashid Khan for his contributions to Mobilink and banglalink over the past decade and wish him a long and happy retirement. I am pleased to welcome Jeffrey Hedberg as Mobilink's CEO. We are confident that his wide international expertise will bring great value to Mobilink's management team".


Jeffrey Hedberg's previous responsibilities include Acting CEO of Telkom South Africa and CEO of Telkom's Nigerian subsidiary, Multi-Links Nigeria. Prior to joining Telkom he was CEO of Cell C, in South Africa. From 1999 to 2002, Jeffrey was Executive Vice President and Member of the Board of Management of Deutsche Telekom AG where he developed the strategy for the International Division and in 2002 he was appointed CEO and Chairman of Deutsche Telekom USA. Jeffrey joined Deutsche Telekom from Swisscom, where he became Executive Vice President of Swisscom International in 1997. Jeffrey Hedberg commented: "The opportunity presented by Mobilink - as a market leader in a dynamic, growing and highly competitive market - is intriguing and exciting.  I look forward to the challenge of improving our performance while increasing our positive impact on the market and on Pakistani society as a whole.




About Global Telecom Holding:

Global Telecom ("GTH") is a leading international telecommunications company operating mobile networks in high growth markets in the Middle East, Africa and Asia, having a total population under license of approximately 466 million as of March 31, 2014. Global Telecom operates mobile networks in Algeria ("Djezzy"), Pakistan ("Mobilink") and Bangladesh ("banglalink") and has an indirect equity shareholding in Globalive Wireless Canada ("WIND Mobile"). In addition it has an indirect equity ownership in Telecel Zimbabwe (Zimbabwe) and, through its subsidiary Telecel Globe, GTH also operates in Burundi and the Central African Republic. Global Telecom reached 90 million customers as of March 31, 2014.


Global Telecom is traded on the Egyptian Exchange under the symbol "GTHE.CA", and on the London Stock Exchange its GDSs are traded under the symbol "GLTD:LI".



Investor Relations Contacts:

Mamdouh Abdel Wahab

Head of Investor Relations

Email:  [email protected]

Tel:      +202 2461 5120

Fax:      +202 2461 5055


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The company news service from the London Stock Exchange

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