Browsing: Irancell

News
Debt, Iran worries send MTN shares tumbling

MTN Group has warned that renewed US-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.

News
Trump’s Iran move piles pressure on MTN

US President Donald Trump’s decision to re-impose sanctions on Iran may limit the ability of MTN Group to repatriate cash, both in the form of dividends and loans, from its investment there, it warned on

News
MTN moves to have R59bn Turkcell suit thrown out

MTN Group has moved to have Turkcell’s $4.2bn (R59bn) lawsuit against it thrown out by the high court in South Africa, arguing, among other things, that several previous attempts by its rival, in other forums, to seek redress against

News
Showdown looming over Turkcell’s R53bn MTN claim

MTN’s Turkcell headache just won’t go away. The JSE-listed telecommunications group is headed to court after a legal challenge from the Turkish operator, this time in Johannesburg, over the awarding of its operating licence in

News
MTN set to pump billions into Iran

MTN said on Monday that it has agreed, on a non-binding and preliminary basis for now, to invest R540m into Iranian fixed broadband provider Iranian Net. The investment will give it a 49% stake in the company. However, further investments

News
Data underpins strong revenue uplift at MTN

MTN on Wednesday said group revenue increased by 7,1% year on year, supported by a 29,4% improvement in data revenue, suggesting a return to a firmer footing for the Johannesburg-headquartered emerging markets telecommunications giant. However, group subscriber

News
MTN said to be buying Iranian ISP

MTN Group is near an agreement with the Iranian government to acquire a 49% stake in a state-owned Internet provider as Africa’s biggest wireless carrier by sales seeks to expand in a fast-growing yet politically challenging

News
MTN invests in Snapp.ir, Iran’s Uber

MTN Group, which has US$1bn stuck in Iran, agreed to invest the equivalent of R315m in Snapp.ir, the Islamic Republic’s first taxi-hailing smartphone application. The funds “will allow us to quickly expand to other

1 2 3 4