tag MTN

MTN Fears Fund Repatriation Amid Fresh US Sanctions

EghtesadOnline: MTN Group Ltd. said efforts to repatriate about €200 million ($237 million) from its Iranian unit will become tougher after US President Donald Trump reinstated economic sanctions on the Islamic Republic.
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Publish Date:12/May/2018 | 10:32

Telecoms Giant MTN Faces Profit Repatriation Problem

EghtesadOnline: South Africa-based multinational mobile telecommunications company MTN faces the risk of not being able to repatriate about R4.6bn ($363 million) from Iran if US President Donald Trump persuades his allies in Europe to reimpose sanctions on the Middle Eastern nation.
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Publish Date:05/May/2018 | 05:19

South Africa's MTN extends cooperation with Iran

EghtesadOnline: South Africa's MTN has increased its investment in an Iranian e-commerce business, it said on Monday without disclosing the size of the transaction, Reuters reported.
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Publish Date:21/February/2017 | 13:59

South Africa’s MTN Reinvests Irancell Profits in Iran

EghtesadOnline: South Africa’s MTN , which has been prevented by US sanctions from repatriating profits from its Irancell partnership, is reinvesting its profits in Iran, the MTN -Irancell CEO said.
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Publish Date:23/October/2019 | 11:14

Sanctions Hinder S. Africa’s MTN From Repatriating Iran Cash

EghtesadOnline: MTN Group, Africa’s biggest mobile operator, is sticking to its 2018 dividend target despite new US sanctions making it harder to repatriate cash from its Iran joint venture, the company said on Wednesday.
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Publish Date:11/August/2018 | 05:17

MTN Halts Iran Fiber Optic Investment

EghtesadOnline: South Africa’s MTN has halted collaborations with Iranian fiber optic network service provider Iranian Net.
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Publish Date:21/July/2018 | 10:49

Iran Telecoms Minister Says Turkcell Claim Against MTN Unfounded

EghtesadOnline: The minister of communications and information technology rejected a claim by Turkish mobile phone operator Turkcell against South Africa’s MTN , a 49% owner of MTN -Irancell, saying MTN has not broken any laws when starting its deal with Iran Electronic Development Company (IEDC) in 2005.
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Publish Date:12/June/2017 | 08:18

South Africa's MTN Investing $750m in Iran Fiber Optic Network

EghtesadOnline: MTN said on Monday that it has agreed to invest $300 million in the Iranian fixed broadband provider Iranian Net and lend the company $450 million, according to local technology news agency CITNA.
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Publish Date:09/May/2017 | 05:02

MTN Planning New Foray Into Iran

EghtesadOnline: South African-based MTN Group is negotiating with the Telecommunication Infrastructure Company of Iran (TIC) about investing in the expansion of the fiber-optic network.
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Publish Date:12/April/2017 | 11:56

MTN to Buy 49 Percent Stake in Iranian Net

EghtesadOnline: Africa’s biggest mobile operator, MTN Group, is near an agreement with the Iranian government to acquire a 49% stake in a state-owned Internet provider as Africa’s largest wireless carrier by sales seeks to expand in a fast-growing yet politically challenging market, according to two people familiar with the matter.
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Publish Date:12/February/2017 | 11:03

MTN Said to Extract Several Hundred Million Euros From Iran

EghtesadOnline: MTN Group Ltd., the South African wireless carrier that’s been trying to repatriate the equivalent of $1 billion from Iran, has managed to extract several hundred million dollars from the country with the help of European banks, according to people familiar with the matter.
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Publish Date:13/December/2016 | 19:42