MTN Group would exit its minority stake in Iran if sanctions made it possible to do so, CEO Ralph Mupita has said.
Browsing: MTN Afghanistan
Mcebisi Jonas has told the Sunday Times that there is a deliberate campaign of “dirty tricks” to discredit South Africa.
News that MTN Group is facing an investigation by a US grand jury sent its shares tumbling 9% on Monday.
MTN Group has disclosed that it is now the subject of a grand jury investigation by the US department of justice.
MTN Group hopes to exit Afghanistan soon, with Guinea-Bissau, Guinea-Conakry and Liberia likely next to be sold.
MTN Group is selling its Afghanistan business to Beirut-based M1 New Ventures for $35-million.
The mobile operator has received a $35-million binding offer for its Afghanistan business as part of plans to exit the Middle East.
MTN Group is in talks with potential international buyers for its wireless business in Afghanistan, a bid to accelerate plans to exit the country, according to people familiar with the matter.
Despite the current turmoil in Afghanistan, MTN Group continues to operate its mobile network in the war-torn Middle Eastern country, providing services to 6.3 million subscribers.
A US court has moved to dismiss a lawsuit brought against MTN Group, in which it’s alleged the operator paid protection money to the Taliban in Afghanistan.