Turkcell has filed papers at South Africa’s constitutional court in its long-running battle against MTN Group.
Browsing: Phuthuma Nhleko
Losing Iranian telecommunications licence bidder Turkcell has described the latest appeal as “yet another delay tactic”.
The long-running litigation between MTN Group and rival Turkcell is now headed to South Africa’s highest court.
Turkcell is back in court next week as it seeks to keep a bribery and corruption case alive in South Africa’s legal system.
Turkcell has vowed to continue its pursuit of MTN Group over a licensing process in Iran it alleges was rigged.
The co-founders Skype and Flutterwave are among the big names backing a new tech growth fund aimed at investing in African “impact start-ups”.
Former MTN Group CEO Phuthuma Nhleko has been appointed as non-executive director of the JSE from 1 July and will take on the additional role of chairing the board from next year.
MTN Group CEO Rob Shuter was paid out a sign-on bonus of just R17.8-million in March. This is a sizeable figure but it’s less than half of the value indicated in March 2017, at the time he was awarded the bonus.
Phuthuma Nhleko, the man who led MTN Group on an acquisition spree that turned the telecommunications operator into an emerging-markets giant, has stepped down from its board of directors.
MTN Group’s biggest shareholder is pushing for changes at Africa’s largest mobile phone company to avoid the regulatory, legal and political disputes that have cut its share price by more than half over the past four years.