US delays ruling on MTN USD 4.2bln Iran suit

Monday 15 October 2012 | 14:40 CET | News
A US court has delayed ruling on a USD 4.2 billion suit by Turkish mobile operator Turkcell against South African rival MTN Group, pending a Supreme Court decision on a separate case, Fin24 reported the two companies as saying. Turkcell alleges that MTN used bribery and attempted trafficking of political influence to win a mobile licence in Iran that was first awarded to Turkcell. MTN has asked for the case to be dismissed, saying the suit has no legal merit and a US court does not have jurisdiction over the case. The case is pending a Supreme Court decision on a different case using the

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Categories: Mobile & Wireless
Companies: MTN / Turkcell
Countries: World
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