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Turkcell claims R42bn from MTN

Johannesburg - Turkish mobile operator Turkcell is claiming damages of at least $4.2bn (R42bn) against rival MTN Group, which it alleges used "corruption and bribery" to win a mobile licence in Iran.

In documents filed in the South Gauteng High Court in Johannesburg, Turkcell said MTN and its former chief executive and current chairperson and another former executive used "wrongful and intentional interference" to take the licence from Turkcell.

As a result, Turkcell "suffered the loss of business opportunities, turnover and profits" from the licence in the amount of $4.2bn plus interest, according to the documents seen by Reuters.

The lawsuit against MTN was previously heard in the United States.

MTN said in a statement on Wednesday it has noted reports of theb re-filing, bujt it cannt comment further as it did not receive or viewed the court papers.

"Although we don't have details of the case, MTN continues to believe that there is no legal merit to Turkcell's claim and will accordingly oppose it."

AT 2:25, MTN's share price was down 0.18% at R194.78.



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