Browsing: Turkcell

MTN has filed a motion to dismiss the case filed against it by Turkey’s Turkcell in a US federal court, the JSE-listed telecommunications group said on Tuesday. MTN filed the motion to dismiss the case on Monday, 2 July. The operator says Turkcell’s claim against it in the US is the latest of four legal

Turkish cellphone operator Turkcell has accused SA-based multinational mobile giant MTN of orchestrating a “cover-up” rather than a credible investigation into claims that the South Africans bribed and influence-peddled their way into Iran in 2005. The Turkish company said in a statement that

The MTN group CEO Sifiso Dabengwa said on Friday the record needed to be set straight regarding allegations of bribery relating to a mobile phone licence in Iran. “MTN has been threatened and attacked by a disappointed competitor and a disgruntled former employee,” he said in a statement

Former MTN Group president and CEO Phuthuma Nhleko has again rubbished allegations that either he or the telecommunications operator paid bribes to secure an operating licence in Iran. In a statement, Nhleko says the allegations, made by Turkcell, are without foundation

MTN has acquired nearly R1,4bn in its own shares in the past three months in a move it says is meant to improve returns to its shareholders. Between 8 March and 28 May 2012, the telecommunications group says it has bought back shares to the value of R1,36bn. The total value of shares bought back

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

By many measures, Turkcell is thriving. It is Turkey’s biggest mobile operator, serving 35m subscribers there and another 30m through subsidiaries and minority stakes in other countries. It boasts 10bn Turkish lira (US$5,6bn) in annual revenues and a market capitalisation of $10,7bn (it is listed in both New York and Istanbul). And all

MTN’s Turkish rival, Turkcell, which is suing the Johannesburg-based cellphone giant for US$4,2bn, is embroiled in a bitter internal battle as shareholders square up for control of the company. Turkcell, listed in New York and Istanbul, has a market capitalisation of $11bn. In court papers filed in the US recently, Turkcell accused