0
Wireless

MTN says may struggle to repatriate cash from Iran with US sanctions

Wednesday 9 May 2018 | 16:07 CET | News
MTN Group says the US decision to re-impose economic sanctions against Iran may limit the company's ability to repatriate cash, both for dividends or loans, from MTN Irancell. MTN said that it repatriated about EUR 88 million from MTN Irancell this year so far, including EUR 61 million relating to the full 2017 dividend due to MTN as well as a further EUR 27 million of historic dividends.

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)
::: 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 Irancell EBITDA increases by 16.7% in H1

Published 08 Aug 2018 11:14 CET | Iran (Islamic Republic of)
MTN Irancell's EBITDA increased by 16.7 percent in the first half to 30 June with the EBITDA margin increasing by 0.3 percentage ...

MTN Group H1 revenue rises 10% to ZAR 506 bln

Published 08 Aug 2018 09:38 CET | Africa
MTN Group revenue increased by 9.7 percent on an organic basis to ZAR 62.78 billion in the first six months to 30 June. Service ...

MTN Group halts USD 750 mln fibre plan in Iran over US sanctions - report

Published 01 Aug 2018 09:33 CET | Iran (Islamic Republic of)
MTN Group's USD 750 million plan to extend home fibre broadband connections to Iranian cities has been put on hold because of ...

MTN Group says trading positive in April

Published 25 May 2018 09:30 CET | Africa
MTN Group CEO Rob Shuter said the group continues to make encouraging progress with the execution of its 'Bright' strategy across ...





Calendar   /   Industry Events

06 Aug NortonLifeLock fiscal Q1
06 Aug OTE Q2 2020
06 Aug Cincinnati Bell Q2 2020
06 Aug BCE Q2 2020
06 Aug Vonage Q2
06 Aug Adtran Q2
06 Aug Veon Q2 2020
06 Aug Switch Q2 2020
06 Aug Cogent Communications Q2 2020
06 Aug Immersion Q2 2020
06 Aug Motorola Solutions Q2 2020
06 Aug Cable One Q2 2020
06 Aug MTN Q2 2020
06 Aug PCCW H1 2020
06 Aug Tucows Q2 2020
06 Aug Sierra Wireless Q2 2020
06 Aug Viasat fiscal Q1
06 Aug T-Mobile US Q2 2020
06 Aug PCTel Q2 2020
06 Aug Fortinet Q2
06 Aug EchoStar Q2 2020
06 Aug FCC meeting
07 Aug O2 Czech Republic Q2 2020
07 Aug Dish Network Q2 2020
07 Aug Starhub Q2 2020
07 Aug TDS, US Cellular Q2 2020
10 Aug Sohu Q2 2020
10 Aug Avaya fiscal Q3
10 Aug Pixelworks Q2 2020
10 Aug ON Semiconductor Q2 2020
::: More Calendar Items