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

MTN confirms Turkcell suit on hold

Oct 15 2012 09:01 Reuters

File image (AFP)

Company Data

MTN GROUP LIMITED [JSE:MTN]

Last traded 216.24
Change -2.27
% Change -0.01
Cumulative volume 3177649
Market cap 404.85bn

Last Updated: 23/04/2014 at 04:26. Prices are delayed by 15 minutes. Source: McGregor BFA

Related Articles

US delays ruling on MTN $4.2bn Iran suit

R12m fraud: Whistleblower, MTN in court

US sanctions hurt MTN in Iran

MTN in talks to repatriate Iran funds

Growth in Iran, Ghana boosts MTN

Court hears graft claims against MTN

 

Johannesburg - MTN Group [JSE:MTN] on Monday confirmed that a US court had put on hold the $4.2bn lawsuit against it by Turkish rival Turkcell, pending a separate US Supreme Court decision.

The US Supreme Court had heard oral arguments in a high profile case against Royal Dutch Shell this month, a case which may determine whether foreign corporations can be sued in US courts under an 18th century law.

The outcome of that decision is likely to determine whether Turkcell can go ahead with its suit against MTN, which claims the mobile operator used bribes and other underhanded means to obtain its license in Iran, which was originally awarded to Turkcell.


*Follow Fin24 on Twitter and Facebook

 
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
0 comments
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.
 
 

Zuma: Fight corruption in private, public sectors

Corruption must be fought in both the private and public sectors, President Jacob Zuma has said.

 
 

Latest elections multimedia

11 Julius Malema quotes you'll never forget
DA won't get 30% - Zille
The EFF's ad was banned, see why
Why Jack Parow wants you to vote on 7 May

Money Clinic

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