Mobile operator MTN saw subscriber numbers in SA grow by 3,2% in the quarter ended 31 March 2012, although there was a decline in average revenue per user (Arpu) in both the prepaid and postpaid markets. The group as a whole reported subscriber growth of 3,7% for the quarter. The group recorded
Browsing: MTN Irancell
MTN’s share price is likely to remain wobbly as jittery foreign investors face massive pressure from US authorities and lobby groups to quit their exposure in Africa’s R255bn cellphone giant because of its business activities in Iran. The company is in danger of being smacked with US sanctions for allegedly providing the Iranian government
New twists have emerged in the US$4,2bn lawsuit filed by MTN’s cellphone rival, Turkcell, in a US court. Chris Kilowan, the disgruntled former MTN director in Iran who, according to sources, approached Turkcell with MTN memos that formed part of the court filings but have yet to be verified, could find that his actions backfire on him.
MTN, the R255bn Johannesburg-listed cellphone giant, is in danger of being whacked with sanctions by the US for its telecommunication activities in Iran and Syria. US President Barack Obama issued an executive order this week that allows American authorities for the first time to impose sanctions on individuals or entities found to have
MTN is facing a storm over claims that it helped the Iranian government to spy on local subscribers and assisted the regime in its brutal crackdown on protesters in 2009 and 2010. In court papers lodged in the US last week, rival mobile operator Turkcell alleged that MTN told its Iranian military-linked partners it
Former MTN Group CEO Phuthuma Nhleko has distanced himself from a controversial mobile operating licence in Iran that put together a package of bribes, trading opportunities in sophisticated weaponry, capital investment and diplomatic influence that the Islamic Republic could not resist. “I can state quite categorically that during
MTN, Africa’s largest mobile network operator, is locked in around-the-clock talks with Iranian authorities about its 49% telecoms stake in Irancell. The Middle East country has become the target of sanctions by the US and the European Union for its nuclear ambitions. MTN has been playing a diplomatic tune in terms of its operations
MTN has condemned what it describes as an attempt by Turkcell to “use the threat of a US legal claim to extort money” from the JSE-listed mobile group. This follows a series of damaging allegations and a threat of legal action by the Turkish operator over claims it was awarded an operating licence in Iran corruptly
Emerging-markets telecommunications giant MTN is gearing up to fight a series of damaging allegations and legal action by Turkcell over claims by the Turkish operator that the JSE-listed group was awarded an operating licence in Iran corruptly. MTN claims
Nigeria and Iran continue to perform strongly for MTN but in its home market of SA, where the market is…