Pan-African and Middle Eastern mobile telecommunications operator, the MTN Group, now expects to add 23,7m new subscribers in 2012, up from previous guidance of 21,2m. In a quarterly update, for the period ended 30 September, MTN says it has grown its subscriber base by 3,8% to 182,7m despite
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A major US lobby group’s shock advertising campaign, alleging that MTN is “profiting from torture” in Iran, has been blocked by local agencies. But it claims that SA advertising companies have refused to erect the billboards because of the influence of the telecommunications giant. United Against Nuclear Iran
Former ambassador to Iran Yusuf Saloojee has been suspended from his position at the department of international relations & cooperation. “Yes, he has been suspended pending the outcome of an investigation,” spokesperson Clayson Monyela said. The investigation related to allegations that Saloojee accepted
Turkish cellphone operator Turkcell has accused SA-based multinational mobile giant MTN of orchestrating a “cover-up” rather than a credible investigation into claims that the South Africans bribed and influence-peddled their way into Iran in 2005. The Turkish company said in a statement that
The MTN group CEO Sifiso Dabengwa said on Friday the record needed to be set straight regarding allegations of bribery relating to a mobile phone licence in Iran. “MTN has been threatened and attacked by a disappointed competitor and a disgruntled former employee,” he said in a statement
MTN has acquired nearly R1,4bn in its own shares in the past three months in a move it says is meant to improve returns to its shareholders. Between 8 March and 28 May 2012, the telecommunications group says it has bought back shares to the value of R1,36bn. The total value of shares bought back
MTN’s share price is likely to remain wobbly as jittery foreign investors face massive pressure from US authorities and lobby groups to quit their exposure in Africa’s R255bn cellphone giant because of its business activities in Iran. The company is in danger of being smacked with US sanctions for allegedly providing the Iranian government
New twists have emerged in the US$4,2bn lawsuit filed by MTN’s cellphone rival, Turkcell, in a US court. Chris Kilowan, the disgruntled former MTN director in Iran who, according to sources, approached Turkcell with MTN memos that formed part of the court filings but have yet to be verified, could find that his actions backfire on him.
MTN is facing a storm over claims that it helped the Iranian government to spy on local subscribers and assisted the regime in its brutal crackdown on protesters in 2009 and 2010. In court papers lodged in the US last week, rival mobile operator Turkcell alleged that MTN told its Iranian military-linked partners it
Former MTN Group CEO Phuthuma Nhleko has distanced himself from a controversial mobile operating licence in Iran that put together a package of bribes, trading opportunities in sophisticated weaponry, capital investment and diplomatic influence that the Islamic Republic could not resist. “I can state quite categorically that during