Egypt's Global Telecom says 2014 losses narrowed by 84 percent-statement

Wed Feb 25, 2015 5:29am EST
 
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CAIRO Feb 25 (Reuters) - Global Telecom, the Egypt-based group formerly called Orascom Telecom, reported a 2014 loss of 3.2 billion Egyptian pounds ($419.40 million), the company said in a statement on Wednesday.

Global Telecom, which is 51.9 percent owned by Russia's Vimpelcom, posted a loss of 20 billion Egyptian pounds in the previous year.

($1 = 7.6300 Egyptian pounds) (Reporting by Shadi Bushra, editing Louise Heavens)