MTN repatriates money from Iran - report

Wednesday 14 December 2016 | 09:34 CET | News
MTN Group, which has been trying to repatriate the equivalent of USD 1 billion from Iran, has managed to extract "several hundred million dollars" from the country with the help of European banks, Bloomberg reports, citing people familiar with the matter. With a number of money transfers completed, MTN expects to bring the entire sum home by the end of the first quarter, said the people, asking not to be named because the information is not public.

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