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.

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