News
MTN mulls sale of stake in Snapp, Iran’s Uber
MTN Group is considering selling its stake in Iran’s ride-hailing app Snapp as it trims its e-commerce portfolio and plans an exit of the Middle East.
Browsing: MTN Irancell
News
MTN to quit the Middle East
MTN Group will exit its operations in the Middle East to become an Africa-only-focused telecommunications operator, CEO Rob Shuter announced on Thursday.
News
MTN slashes capex guidance amid Covid-19 uncertainty
MTN Group said it is implementing cost control measures, focusing on mission critical expenses and enhanced oversight of expenditure, amid uncertainty over the impact of the Covid-19 pandemic.
News
MTN remains bullish on Iran despite strong headwinds
MTN Group said its Iranian business is still able to achieve strong sales growth in the short term, even as the unit battles to overcome ongoing US sanctions and the rapid spread of the coronavirus.
News
‘Four years at MTN is equal to eight years anywhere else’
Rob Shuter’s announcement that he will not seek to extend his contract as MTN Group CEO a year before it ends will allow the board enough time to pick a suitable candidate.
News
Afghanistan suit adds to MTN’s woes in risky markets
MTN has opted over the years to enter parts of the world seen as too risky by many other carriers. That’s left it vulnerable to legal entanglements, unpredictable politics and regulatory crackdowns.
News
Ex-ambassador arrested over Turkcell, MTN Iran dispute
South African police arrested a former ambassador to Iran on corruption charges related to the award of a mobile phone licence to MTN Group after it was initially given to Turkcell.
News
Uganda deportations add to MTN’s woes
MTN Group on Wednesday confirmed reports that three senior managers have been arrested and deported by the Ugandan government.
News
MTN affirms full-year dividend target, despite Iran sanctions
MTN Group remains on track to report a total 2018 dividend of R5/share, despite “continued challenges in repatriating funds from MTN Irancell”, it said in notes alongside interim results for the six months to 30 June.
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.