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
Browsing: Turkcell
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
MTN has again gone on the attack, accusing rival Turkcell of making “ludicrous” allegations that the SA-based operator influenced SA foreign policy on Iran in order to win an operating licence in the Middle Eastern country. In a statement, MTN Group CEO Sifiso Dabengwa says MTN “did not cause
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
Cellphone giant MTN was so desperate to win a mobile operating licence in the “virgin” territory of Iran that it allegedly put together a package of bribes, trading opportunities in sophisticated weaponry, capital investment and diplomatic influence that the Islamic Republic could not resist, write Sharda Naidoo, Craig McKune and Stefaans Brümmer
Johannesburg-listed MTN Group is in crisis management mode trying to limit reputational damage after Turkcell filed an explosive lawsuit in the Washington federal court on Thursday morning (SA time), implicating government officials and executives from Africa’s largest mobile phone operator in a bribery and sophisticated weapons scandal
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