Johannesburg - Shares of MTN Group [JSE:MTN] tumbled nearly
4% in early trade on Friday, after it said it faces a potential lawsuit from
Turkey’s Turkcell over its licence in Iran.
Shares of MTN, Africa's largest mobile operator, were down
3.9% at R133 at 07:09 GMT.
MTN said after the close of trade on Thursday it faces a lawsuit from Turkcell claiming it asked South Africa to back Iran's nuclear development in return for a cellular licence in the country.