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MTN recovers from Turkcell hammering

Apr 03 2012 10:17 Reuters

Company Data

MTN GROUP LIMITED [JSE:MTN]

Last traded 215.58
Change -0.42
% Change 0.00
Cumulative volume 2472416
Market cap 403.61bn

Last Updated: 16/04/2014 at 04:29. Prices are delayed by 15 minutes. Source: McGregor BFA

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Johannesburg - Shares of MTN Group [JSE:MTN] gained 0.5% to R129.60, rising for the first time in three sessions, having been hammered after Turkish rival Turkcell filed a suit in a US court charging the mobile operator of using bribery and other corrupt practices to win a licence in Iran.

Shares of MTN fell more than 7% in the previous three sessions, and briefly hit their lowest level since September.

 
mtn group  |  turkcell  |  jse
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