• Caught in the debt trap?

    Help us help you by taking our second annual Debt survey and you could win R3 000.

  • Rich man, poor man

    Culture change from below is the only way to overcome poverty, says Leopold Scholtz.

  • Tech bubble talk

    After the tech euphoria of 2013, the fast-moving sector has hit a speed bump.

Data provided by McGregor BFA
All data is delayed
Loading...
See More

MTN asks court to throw out Turkcell suit

Jul 03 2012 13:04 Reuters

Company Data

MTN GROUP LIMITED [JSE:MTN]

Last traded 209.50
Change -6.83
% Change -0.03
Cumulative volume 6903432
Market cap 392.23bn

Last Updated: 24/04/2014 at 04:29. Prices are delayed by 15 minutes. Source: McGregor BFA

Related Articles

MTN's Iran accusations

MTN investigations gear up

MTN ‘set up arms meetings with Iran’

MTN seeks to 'set record straight'

MTN vows to cooperate with Hawks

MTN 'was warned' over Iran

 

Johannesburg - Mobile operator MTN Group [JSE:MTN] asked a US court on Tuesday to dismiss a $4.2bn suit brought by rival Turkcell after alleged underhand tactics to obtain an Iranian mobile licence.

MTN said the suit by Istanbul-based Turkcell had no legal merit and that the US court did not have jurisdiction.

“MTN and MTN International both lack sufficient contact with the United States to be subject to the jurisdiction of the US court,” it said in a statement.

“MTN therefore remains confident that the claim will be dismissed.”

Africa's largest mobile operator said Turkcell was expected to respond to its motion to dismiss on August 1 and it would then give a response by August 15.

The court's decision was expected later this year, MTN said.

Turkcell says MTN bribed both South African and Iranian officials and asked South Africa to provide weapons to Iran to acquire the permit. 

Turkey’s largest mobile operator initially won a bid for the licence in 2004. Tehran later backed out of the deal and awarded the business to MTN in 2005.

 
mtn group  |  turkcell
NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
1 comment
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're Talking About: Small Business

Standard Bank is looking for 12 entrepreneurs to participate in a 10-part TV series. They could win a R1m investment into their dream.
 
 

Fewer high-risk election areas - Mthethwa

There are fewer high-risk election areas this year compared to past elections, Police Minister Nathi Mthethwa has said while visiting Manenberg in Cape Town.

 
 

Latest elections multimedia

Watch what happened when we blindfolded Helen Zille and asked her to eat random things
13 days to elections - news you need to know
11 Julius Malema quotes you'll never forget
DA won't get 30% - Zille

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...
Loading...