Shareholders of Global Telecom Holding SAE approved the delisting of the company from Egypt's stock exchange.
The VEON Ltd. unit earlier reached an agreement with the Egyptian Tax Authority to settle all outstanding tax liabilities of GTH and its Egyptian subsidiaries for $136 million. The settlement covered liabilities for the tax years 2000 through 2018.
VEON also earlier said it intends to acquire all of GTH's operating assets in Algeria, Pakistan and Bangladesh.
