MTN
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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…
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MCI, MTN-Irancell Collaborate to Improve Rural Mobile Coverage in Iran
EghtesadOnline: M ajor mobile operators started sharing infrastructure on Thursday as part of efforts to help improve mobile coverage in rural areas.
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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,…
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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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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…
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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…
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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…
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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…
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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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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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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…
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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…