Thursday, June 13, 2024
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Iran

MTN reaffirms dividend despite Iran sanctions

MTN Group CEO Rob Shuter said on Thursday at the telecommunications operator’s annual general meeting of shareholders that it still expects to declare a full-year dividend for 2018 of R5/share despite impending severe US sanctions on Iran. Iran is a...

MTN to advance Iranian expansion

MTN Group announced today that the company has signed a non-binding preliminary agreement to invest approximately R540 million into Iranian Fixed Broadband Provider, Iranian Net. The investment will see the South African telecommunications company acquire a 49% stake in Iranian...

Africa results positive for MTN Group

While acknowledging the impact of legal issues, including the Hoffmann Commission and the management of US and EU sanctions against Iran and Syria, MTN Group management is satisfied with the company’s results and is confident of growth in key regions throughout...

MTN/ Turkcell lawsuit put on hold

South African mobile service provider MTN Group has noted a United States federal court ruling that puts on hold a lawsuit by Turkcell against MTN alleging bribery, pending a U.S. Supreme Court ruling on jurisdiction. Earlier this year, Turkcell laid...

Investigation underway for alleged MTN bribes

South Africa’s Department of International Relations has confirmed in a statement that an investigation is underway with regards to former ambassador to Iran, Yusuf Salojee, receiving bribes from South African mobile operator MTN. “The SA telecommunications group stands accused of...

‘No bribes were approved or paid with my consent’- Former MTN Group CEO

In response to allegations of bribery and "extensive corruption" made by Turkcell against MTN over the Iran telecom license debacle, Phuthuma Nhleko, former MTN Group CEO, has responded with a vehiment denial that any bribes were approved or paid with his consent or...

Turkcell threatens to ‘extort money’ — MTN

MTN today condemned Turkcell's (a Turkish mobile operator), threats of using a United States legal claim to "extort money" from the South African mobile operator. MTN released a statement alleging that Turkcell refused to co-operate with their independent investigation, headed...
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Youth Month Centre Tour 2024: Harambee

In honor of Youth Month, Harambee is excited to host a media tour at their center in Johannesburg, South...
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