MTN has been forced to write down its Irancell stake, sinking statutory earnings even as adjusted profit climbs.
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MTN Group would exit its minority stake in Iran if sanctions made it possible to do so, CEO Ralph Mupita has said.
Mcebisi Jonas has told the Sunday Times that there is a deliberate campaign of “dirty tricks” to discredit South Africa.
MTN Group has disclosed that it is now the subject of a grand jury investigation by the US department of justice.
Turkcell has filed papers at South Africa’s constitutional court in its long-running battle against MTN Group.
Losing Iranian telecommunications licence bidder Turkcell has described the latest appeal as “yet another delay tactic”.
MTN Group hopes to exit Afghanistan soon, with Guinea-Bissau, Guinea-Conakry and Liberia likely next to be sold.
Turkcell has vowed to continue its pursuit of MTN Group over a licensing process in Iran it alleges was rigged.
Turkcell’s long-running litigation against MTN over a disputed licence in Iran has been dismissed by the high court with costs.
Iran’s efforts to remove US-led sanctions from its economy could allow MTN Group to repatriate about R2.8-billion from the country, according to people familiar with the matter.