0
Wireless

MTN in talks with US, South Africa to repatriate Iran money

Thursday 9 August 2012 | 10:48 CET | News
MTN Group is in talks with US and South African authorities over repatriating its earnings from its Iranian business, Reuters reported. CEO Sifiso Dabengwa told reporters following the release of the company's first-half earnings that MTN had not repatriated any funds from Iran in the last six to seven months. MTN owns 49 percent of MTN Irancell. The company has said in the past that it was having difficulty moving money out of the country because of tighter US sanctions against Tehran.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Mobile & Wireless
Companies: MTN / MTN Irancell
Countries: Iran (Islamic Republic of) / South Africa / United States
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

MTN faces Iranian repatriation risk over Trump's plans for sanctions

Published 07 May 2018 07:19 CET | Iran (Islamic Republic of)
MTN faces the risk of not being able to repatriate about ZAR 4.6 billion from Iran if US President Donald Trump persuades his ...

Senator calls for Treasury to probe Ericsson, MTN over Iran

Published 04 Mar 2013 13:21 CET | United States
Oklahoma senator James Inhofe has called on the Treasury to investigate Ericsson's dealings with Iran and on the new Treasury ...

MTN shares hit by by slide in Iranian rial

Published 09 Oct 2012 13:46 CET | Iran (Islamic Republic of)
The impact of Iran's currency slide has affected shares in MTN Group, which derives nearly a tenth of its revenue from the Middle ...

MTN South Africa cuts mobile broadband prices sharply

Published 20 Aug 2012 10:59 CET | South Africa
MTN South Africa has cut the price of its 1 GB data package from ZAR 289.00 per month to ZAR 89, MyBroadband reported. MTN is ...

MTN Irancell customer base grows 10.4% H1

Published 08 Aug 2012 12:57 CET | Iran (Islamic Republic of)
MTN Irancell increased its subscriber base by 10.4 percent over the first six months of the year to 38.3 million and estimates it ...

South African govt probes ex-ambassador in MTN Irancell case

Published 11 Jul 2012 11:03 CET | South Africa
South Africa's foreign ministry is probing allegations that a former ambassador to Tehran took a USD 200,000 bribe to help MTN ...