MTN leaps higher on Turkcell news
MTN was trading nearly 3% higher on the JSE in afternoon trading on Thursday after it emerged that rival Turkcell had filed to drop its US$4,2bn lawsuit against the South African-headquartered telecommunications operator. The counter has added 18,7% in
Victory for MTN as Turkcell backs down
A supreme court ruling has prompted Turkish telecommunications company Turkcell to drop its US$4,2bn lawsuit against MTN Group. Turkcell filed the lawsuit in the US last year claiming MTN conspired with and bribed Iranian officials to win a licence in Iran that had originally been awarded to the Turkish mobile
US trial turns heat on MTN
A US computer salesman who supplied sensitive equipment to MTN’s mobile network in Iran has been jailed for violating US economic sanctions. The conviction is damning for the South African mobile giant, as it provides judicial corroboration that the company used sanctions-busting
Anti-MTN Iran ads get local gag
A major US lobby group’s shock advertising campaign, alleging that MTN is “profiting from torture” in Iran, has been blocked by local agencies. But it claims that SA advertising companies have refused to erect the billboards because of the influence of the telecommunications giant. United Against Nuclear Iran
Republicans seize on MTN, Turkcell spat
Last week Republicans seized on news that David Plouffe, a senior advisor in the White House, had accepted $100 000 from a subsidiary of MTN for two speeches he gave in Nigeria shortly before joining the White House staff in 2010. “Today’s story raises serious questions about [US President] Barack Obama’s senior
Saloojee suspended over MTN bribe claims
Former ambassador to Iran Yusuf Saloojee has been suspended from his position at the department of international relations & cooperation. “Yes, he has been suspended pending the outcome of an investigation,” spokesperson Clayson Monyela said. The investigation related to allegations that Saloojee accepted
Ex-ambassador faces probe over MTN claims
The department of international relations has confirmed it is investigating allegations that the former ambassador to Iran, Yusuf Salojee, accepted payments from MTN. The statement by minister Maite Nkoana-Mashabane, in reply to a parliamentary question released on Tuesday, adds a new twist to the controversy over MTN’s operations in Iran. The SA telecommunications group stands [...]
MTN seeks dismissal of Turkcell case
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
Row over witness in MTN bribe claims
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
MTN again rubbishes Iran claims
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
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