Equity Analysis /

Global Telecom Holding: GLOBAL TELECOM: Downgrade to HOLD on mixed outlook

    Tellimer Research
    6 June 2017
    Published byTellimer Research
    We downgrade Global Telecom Holding (GTH) to HOLD from BUY, mainly due to concerns over its operations in Algeria, despite our expectations of strong performance in Pakistan. Bangladesh is a mixed story as we think that Grameenphone will continue to dominate the telecom space.