Bloomberg - MTN Group Ltd. is considering selling its stake in Irans ride-hailing app Snapp as it trims its e-commerce portfolio and plans an exit of the Middle East.
While Snapp retains top spot in Irans ride-hailing market, MTN has identified it as a non-core part of its business, Ralph Mupita, chief financial officer of Africas largest wireless ...
Bloomberg - MTN Group Ltd. said its Iranian business is still able to achieve strong sales growth in the short term, even as the unit battles to overcome ongoing U.S. sanctions and the rapid spread of the coronavirus.
Africas largest wireless carrier is finding it tough to take money out of its second-biggest market by subscribers due to measures ...
Reuters - South Africas telecom giant MTN Group said on Friday it has consistently denied there is any credible evidence that it promised former ambassador to Iran Yusuf Saloojee any money or that he accepted money from MTN.
Saloojee was arrested on Thursday over allegations of corruption related to MTNs mobile phone operating licence in Iran, South ...
Bloomberg |Loni Prinsloo: MTN Group Ltd.warned that renewed U.S.-led economic sanctions against Iran had once again tied up funds in its second-biggest market, scuppering plans to turn the country into a cash cow after years of troubles.
The South African company repatriated almost $1 billion from the country in 2017 after the lifting of a previous ...
TechRasa- After hearing the news that the South-African Telecom Company, MTN, was negotiating with Iranian authorities and especially the Central Bank of Iran to repatriate a massive amount of its money (300 million Euros), the continuance of this companys presence in the Iranian market became rather a mystery.
This company which owns a 49% share ...
Bourse and Bazaar | Esfandyar Batmanghelidj: On August 3rd, the same day that President Rouhani officially launched his second term, South Africas MTN Group, a major telecommunications company, presented its 2017 interim results.
As a publicly traded multinational company,MTNs presentationhad all the trappings of a modern investor relations ...
Business Report - The company, which already has an operation in Iran, will make the investment into Iranian Fixed Broadband Provider, Iranian Net, for a 49 percent stake.
MTN, which has been trying to repatriate money out if Iran, says it will also make addition investments of about R3.4 billion both equity and loans to facilitate Iranian Net meeting ...
Money Web- South Africas MTN has increased its investment in an Iranian e-commerce business, it said on Monday, without disclosing the size of the transaction.
MTN, Africas largest mobile phone company, told Reuters last year that it planned to expand in Iran, where it has a leading position but from which it has not been able to repatriate profits ...
Reuters- "The valuation any normal conservative investor will place on the profit stream will come with a big discount," Sedgwick told Reuters.
Founded with the help of South African government, MTN is seen as one of South Africa's biggest corporate successes of the post-apartheid era but in recent years it has been regarded as a stock with limited ...
South African mobile phone operator MTN Group has said easing of sanctions against Iran would allow it to transfer about $1 billion in accumulated dividends and a loan repayment from its Iranian unit.
MTN, which owns 49 per cent of unlisted Irancell, the Middle Eastern country's second-biggest mobile phone operator by subscribers, has been restricted ...
(Reuters) - Turkish mobile phone company Turkcell has taken to a South African court its $4.2 billion lawsuit against rival MTN Group, alleging it was the victim of "corruption and bribery" that caused it to lose a contract inIran.
Turkcell originally filed suit in a U.S. court last year, alleging Johannesburg-based MTN used bribery and wrongful influence ...
MTN has $450m held in Iran by sanctions
Better US-Iranian relations would be very welcome for MTN Group because it had not been able to repatriate about $450 million (R4.4 billion) from a unit in Iran, Nik Kershaw, a spokesman for the cellphone operator, said yesterday.
MTNs funds had been blocked since early last year because of Washingtons sanctions ...
TEHRAN (Tasnim) A South African delegation, led by that countrys ambassador to Iran, arrived in Iran northern Mazandaran province on Tuesday morning.
The South African Ambassador William Max Whitehead arrived in Sari along with a delegation comprised of a number of his colleagues at the embassy.
Head of the Public Relations of Mazandaran Bureau ...
Turkcell Iletisim Hizmetleri AS (TCELL)withdrew a lawsuit againstMTN Group Ltd. (MTN)over bribes MTN allegedly paid to get an Iranian mobile-phone license, citing aSupreme Courtdecision that bars such cases in theU.S.
Turkcell, based in Istanbul, told U.S. District JudgeReggie Waltonin a court filing today in Washington that it would drop the ...
(Reuters) - The chief executive of South African telecom MTN Group on Thursday hailed a U.S. Supreme Court ruling as a major boost to its defence against a $4.2 billion lawsuit from rival Turkcell.
"It's definitely a positive for our case," Sifiso Dabengwa told Reuters in a telephone interview on Thursday.
Turkcell is suing MTN, Africa's biggest ...
A US lawmaker is raising concerns aboutEricssons dealings in Iran, claiming that the Swedish telecommunications equipment maker was helping the Iranian state commit human rights abuses with the help of its technology.
James Inhofe, a Republican from Oklahoma, called on the Treasury to conduct oversight into Ericssons dealings with Iran because they ...
Feb 1 (Reuters) - An external committee appointed by MTN Group to investigate claims by rival Turkcell of corrupt dealings inIranhas dismissed the allegations as "a fabric of lies, distortions and inventions".
The investigation, chaired by a retired British judge, also cleared the African mobile phone giant of charges it promised to get the South ...
By Reuters
JOHANNESBURG, Oct 13 (Reuters) - A U.S. court has delayed ruling on a $4.2 billion suit by Turkish mobile operator Turkcell against South African rival MTN Group , pending a Supreme Court decision on a separate case, the two companies said.
Turkey's largest cell phone operator sued MTN in a U.S. federal court in March, alleging the ...
By Times live
David Plouffe, President Barack Obama's 2008 presidential campaign manager, accepted a $100,000 speaking fee from an affiliate of a company doing business with Iran.
The Washington Post reported said the payment came from a subsidiary of MTN Group, a South Africa-based telecommunications company, which at that time was actively ...
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