Browsing: MTN Irancell

MTN moves to have R59bn Turkcell suit thrown out

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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

Currencies hit MTN, but group making progress

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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

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

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[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

MTN set to pump billions into Iran

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MTN said on Monday that it has agreed, on a non-binding and preliminary basis for now, to invest R540m into Iranian fixed broadband provider Iranian Net. The investment will give it a 49% stake in the company. However, further investments

Data underpins strong revenue uplift at MTN

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MTN on Wednesday said group revenue increased by 7,1% year on year, supported by a 29,4% improvement in data revenue, suggesting a return to a firmer footing for the Johannesburg-headquartered emerging markets telecommunications giant. However, group subscriber

MTN said to be buying Iranian ISP

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MTN Group is near an agreement with the Iranian government to acquire a 49% stake in a state-owned Internet provider as Africa’s biggest wireless carrier by sales seeks to expand in a fast-growing yet politically challenging

MTN invests in Snapp.ir, Iran’s Uber

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MTN Group, which has US$1bn stuck in Iran, agreed to invest the equivalent of R315m in Snapp.ir, the Islamic Republic’s first taxi-hailing smartphone application. The funds “will allow us to quickly expand to other