Browsing: MTN Irancell

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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.

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MTN reaffirms dividend despite Iran sanctions

MTN Group CEO Rob Shuter said on Thursday at the telecommunications operator’s annual general meeting of shareholders that it still expects to declare a full-year dividend for 2018 of R5/share despite impending US

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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

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Turkcell hits back at MTN in R59bn lawsuit

Turkcell has hit back at rival MTN, accusing the company of advancing “a variety of expected and meritless technical legal defences” as the two companies prepare to square off in the high court in Johannesburg over the awarding

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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

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Currencies hit MTN, but group making progress

Fluctuating exchange rates have hit MTN’s numbers for the third quarter hard, with reported group total revenue and group service revenue reducing by 13.4% and 14% respectively year on year. However, in constant currency terms, the

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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

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Turkcell’s $4,2bn MTN claim to be heard in SA

[dropcap]T[/dropcap]urkcell’s claim for US$4,2bn of damages against MTN Group will go to trial in the high court in Johannesburg, five years after the case was first brought in relation to the awarding of an Iranian licence in 2005. Turkcell alleges

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