0
Wireless

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.

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?



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

Add comment

Please login or register to leave a 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 Group plans to buy 49% of Iranian Net for ZAR 540 mln

Published 08 May 2017 14:35 CET | Iran (Islamic Republic of)
MTN Group has signed a non-binding preliminary agreement to invest approximately ZAR 540 million in fixed broadband provider ...

MTN Irancell FY revenue up 12.8%, subscribers up 3.2%

Published 02 Mar 2017 10:45 CET | Iran (Islamic Republic of)
MTN Irancell's total revenue increased by 12.8 percent for the financial year ending 31 December 2016, driven by a 58.8 percent ...

MTN Group set to buy 49% of Iranian Net - report

Published 13 Feb 2017 09:43 CET | Iran (Islamic Republic of)
MTN Group is about to finalise an agreement with the Iranian government to acquire a 49 percent stake in state-owned internet ...

MTN Group warns of FY net loss after Nigerian fine

Published 09 Feb 2017 09:18 CET | Africa
MTN Group said it expects to report a loss per share for 2016 following the fine in Nigeria and after a weak first half in South ...

Iran plans to boost bandwidth to 30 Tbps by 2021

Published 18 Jan 2017 11:30 CET | Iran (Islamic Republic of)
The Iranian parliament has set out obligations for the Ministry of Communications and Information Technology as part of a ...

MTN Group to boost e-commerce presence in Iran

Published 29 Nov 2016 09:09 CET | Iran (Islamic Republic of)
MTN Group says it is developing plans to boost its presence in the Iranian market, saying e-commerce will be a key theme on the ...

MTN Group invests in Iran's Uber-like service Snapp.ir

Published 12 Oct 2016 16:21 CET | Iran (Islamic Republic of)
MTN Group said it will invest the equivalent of ZAR 315 million in Snapp.ir, Iran's first taxi-hailing smartphone application, ...

MTN Irancell denies leaks report

Published 08 Jul 2016 16:04 CET | Iran (Islamic Republic of)
Iranian operator Irancell has denied reports a 19-year-old IT graduate was arrested for leaking personal data belonging to 20 ...

MTN to access USD 1 bln after easing of Iran sanctions

Published 09 Apr 2015 11:09 CET | Iran (Islamic Republic of)
MTN Group said the easing of global sanctions against Iran would allow it to transfer about USD 1 billion in accumulated ...





Calendar   /   Industry Events

19 Jan Fujitsu ActivateNow: Technology Summit
20 Jan Limelight Networks Q4 2021
20 Jan Netflix Q4 2021
25 Jan Ericsson Q4 2021
25 Jan Microsoft fiscal Q2
25 Jan F5 fiscal Q1
25 Jan Verizon Q4 2021
25 Jan European 5G Conference
26 Jan AT&T Q4 2021
26 Jan Corning Q4 2021
26 Jan Intel Q4 2021
26 Jan Calix Q4 2021
26 Jan Crown Castle Q4 2021
27 Jan Extreme Networks fiscal Q2
27 Jan Samsung Electronics Q4 2021
27 Jan Juniper Networks Q4 2021
27 Jan STMicroelectronics Q4 2021
27 Jan MTN Nigeria Q4 2021
27 Jan Elisa Q4 2021
27 Jan Rogers Communications Q4 2021
27 Jan Comcast Q4 2021
27 Jan Apple fiscal Q1
27 Jan FCC meeting
::: More Calendar Items