• Conflict over water, coal

    SA's leaders have upped their support of the water-intensive coal industry, says Keith Schneider.

  • Cost of doing business

    The world can't afford the $4.7trn a year in environmental costs of business, says Mandi Smallhorne.

  • Voter paralysis

    With so much tilting voters against change, democratic reason is the loser, says Solly Moeng.

All data is delayed
See More

MTN denies Turkcell corruption claims

Apr 12 2012 15:12

Company Data


Last traded 126
Change 0
% Change 0
Cumulative volume 3439809
Market cap 0

Last Updated: 30-05-2016 at 05:00. Prices are delayed by 15 minutes. Source: McGregor BFA

Related Articles

Turkcell vs MTN

SAHRC asked to investigate MTN

Protector could investigate MTN allegations

MTN recovers from Turkcell hammering

MTN slides on Turkcell lawsuit

DA wants MTN Iran records made public

Johannesburg - MTN Group [JSE:MTN] on Thursday denied allegations it used corrupt practices and promises of weapons to win its licence in Iran, the first time the mobile operator has clearly rejected two-month-old charges from rival Turkcell.

“Any suggestion that Turkcell’s failure to obtain the licence was as a result of any alleged corrupt or improper practices by MTN is unfounded,” said MTN CEO Sifiso Dabengwa.
“The allegation that MTN influenced South African foreign policy with regard to its armaments and nuclear position is simply ludicrous and has already been dismissed by the South African government.”

MTN first said in February that it faced a suit from Turkcell claiming it bribed officials and asked South Africa to provide weapons to Iran and take a soft stance on Tehran’s nuclear programme in exchange for the licence.

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.

Turkcell filed a $4.2bn suit against MTN in a US court late last month.

MTN has said the case lacked legal merit, but had previously stopped short of a full denial.

Former CEO Phuthuma Nhleko, who headed the company at the time, has denied that he authorised bribes to Iranian and South African officials for the licence.

He has also said the company was not in a position to influence decisions made by governments. Pretoria has said that its foreign policy is independent.
mtn  |  turkcell


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
Comments have been closed for this article.

Company Snapshot

We're talking about:


Debt is one of the biggest financial issues facing South Africans today. Find out how you can avoid and manage your debt with Fin24 and Debt Rescue.

Money Clinic

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

Voting Booth

The upcoming petrol price hike is:

Previous results · Suggest a vote