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.
EghtesadOnline: M ajor mobile operators started sharing infrastructure on Thursday as part of efforts to help improve mobile coverage in rural areas.
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.
EghtesadOnline: South Africa’s MTN has halted collaborations with Iranian fiber optic network service provider Iranian Net.
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.
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.
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.
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.
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.
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.