Washington - Turkish telecom company
Turkcell dropped its multibillion-dollar US lawsuit against rival African
mobile phone group MTN Group [JSE:MTN], citing a recent US Supreme Court ruling
that hurt its case.
Turkey's largest cell phone operator filed
a $4.2bn lawsuit in Washington last year alleging the Johannesburg-based
company used bribery to win a mobile license in Iran that was first awarded to
But the court delayed the case in October
pending a US Supreme Court decision on the Alien Tort Statute, the US human
rights law on which Turkcell's suit is based.
In April, the high court limited the
ability of foreign plaintiffs to invoke the 200-year old law without a strong
US connection to the conduct.
In a Wednesday filing, lawyers for Turkcell
asked to dismiss the case in light of the Supreme Court ruling.
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