http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 13.71Change: 0.11
R/$ = 10.87Change: -0.02
Au 1200.28 $/ozChange: -23.90
Pt 1246.50 $/ozChange: -23.70
 
 
Note: Search is limited to the most recent 250 articles. Set date range to access earlier articles.
Where? With... When?








Start
 
End
 
 
And must exclude these words...
Close Main Search
Close Main Login
My Profile News Alerts Newsletters Logout Close Main Profile
 
Agriculture   Automotive   Chemicals   Competition Policy   Construction   Defence   Economy   Electricity   Energy   Environment   ICT   Metals   Mining   Science and Technology   Services   Trade   Transport & Logistics   Water  
What's On Press Office Tenders Suppliers Directory Research Jobs Announcements Contact Us
 
 
 
RSS Feed
Article   Comments   Other News   Research   Magazine  
 
 
Aug 08, 2012

Irancell reports growth as MTN awaits US court decision on Turkcell

Back
MTN Group CEO Sifiso Dabengwa discusses MTN's motion to dismiss the case brought against it by Turkcell in a US court. Recorded: 08.08.2012. Camerawork: Nicholas Boyd. Editing: Shane Williams.
Washington|Africa|MTN|Nuclear|Projects|Reuters|Africa|Islamic Republic Of Iran|South Africa|Turkey|United States|USD|Equipment|Military Equipment|Mobile Operator|Nuclear|Telecommunications|Leonard Hoffman|Power|Sifiso Dabengwa|Yusuf Saloojee
|Africa|Nuclear|Projects||Africa|||Equipment|Nuclear||Power|
washington|africa-company|mtn|nuclear-company|projects|reuters|africa|islamic-republic-of-iran|south-africa|turkey|united-states|usd|equipment|military-equipment|mobile-operator|nuclear-industry-term|telecommunications|leonard-hoffman|power|sifiso-dabengwa|yusuf-saloojee
© Reuse this



South African telecommunications group MTN expected the US district court, in Washington, to decide later this year, or early 2013, whether to dismiss the case brought against it by Turkcell, CEO Sifiso Dabengwa said on Wednesday.

Turkey-based Turkcell, which was seeking damages of $4.2-billion, filed an opposition in July to MTN’s motion for case dismissal on the grounds that the US court held no legal jurisdiction over the case.

Dabengwa commented that the case should be held in a court in Turkey, South Africa or Iran. However, according to newswire Reuters, the Turkish mobile operator stated in its opposition filing that the case would not get a fair trial in South Africa owing to its political connectedness.

MTN had until August 15 to respond.

Turkcell alleged that MTN, in efforts to win a mobile licence in Iran, in 2005, violated the US Alien Tort Statute through the bribery of South African ambassador to Oman Yusuf Saloojee, who has been suspended while investigations into his links to the MTN deal were under way, and other South African government officials.

The company also claimed that MTN encouraged the South African government to support Iran’s civil nuclear power development programme and provide military equipment to Iran.

The Directorate for Priority Crime Investigation, also known as the Hawks, launched a probe into the allegations. But, Dabengwa claimed that, while the police unit made enquiries, he was unaware of any case or docket being opened into the matter.

Further, independent investigations by an MTN board-appointed special committee, led by Lord Leonard Hoffman, continued.

Meanwhile, despite the challenges in Iran, including competition, an increasingly challenging economy, and US sanctions, MTN Irancell increased its market share during the six months to June 2012, to 47%, up from the 45% recorded in the last half of 2011.

MTN Irancell, in which MTN held a 49% shareholding, increased its subscriber base to 38.3-million – a 10.4% jump from 34.7-million at December 2011.

The company attributed this to its attractive value proposition and improved network quality, with the addition of 249 sites. The group now held 7 889 2G sites. MTN invested R418-million into network improvement during the six months to June.

However, MTN commented that the US sanctions on Iran impacted the roll-out of some projects, as equipment delivery has been delayed. The company stated that it was working closely with the relevant authorities to mitigate the sanctions.
 

Edited by: Mariaan Webb
© Reuse this Comment Guidelines (150 word limit)
 
 
 
 
 
 
 
 
Other ICT News
Updated 7 hours ago AltX-Listed Huge Group on Thursday said it had secured a loan agreement that would enable the funding of the company’s significant growth. In a statement to shareholders, Huge Group said that, following a “high level of interest” from debt finance providers, wholly...
Article contains comments
Telecommunications start-up Vumatel on Wednesday announced that the first homes in Parkhurst, Johannesburg, had gone live on its fibre-to-the-home (FTTH) network, providing residents with connection speeds of up to 1 Gb/s. The Vumatel network provided fibre to homes...
Vietnam-based telecoms operator Viettel plans to invest $1-billion in a new third-generation (3G) mobile phone network in Tanzania, the office of the east African country's president said on Tuesday. The mobile telecoms sector in east Africa's second-biggest economy...
Article contains comments
More
 
 
Latest News
Updated 1 hour 13 minutes ago South African Nuclear Energy Corporation (Necsa) group corporate services executive Ambassador Xolisa Mabhongo stressed on Thursday that South Africa currently had only one Integrated Resource Plan (IRP) for electricity, the IRP 2010, and that the IRP Update...
Small Business Deputy Minister Elizabeth Thabethe
Updated 2 hours 47 minutes ago South Africans needed to become more entrepreneurial and create their own jobs, instead of expecting government to create jobs or rely on private-sector employment. “We need to become masters of our own destinies,” Small Business Development Deputy Minister Elizabeth...
Updated 2 hours 48 minutes ago Plans to increase gross domestic expenditure on research and development (GERD) to 1.5% of gross domestic product by 2019 are yet to be formally adopted, despite the target being incorporated in the draft strategic plan of the Department of Science and Technology...
More
 
 
Recent Research Reports
Defence 2014: A review of South Africa's defence industry (PDF Report)
Creamer Media’s Defence 2014 report examines South Africa’s defence industry, with particular focus on the key participants in the sector, the innovations that have come out of the sector, local and export demand, South Africa’s controversial multibillion-rand...
Road and Rail 2014: A review of South Africa's road and rail infrastructure (PDF report)
Creamer Media’s Road and Rail 2014 report examines South Africa’s road and rail transport system, with particular focus on the size and state of the country’s road and rail network, the funding and maintenance of these respective networks, and the push to move road...
Real Economy Year Book 2014 (PDF Report)
This edition drills down into the performance and outlook for a variety of sectors, including automotive, construction, electricity, transport, steel, water, coal, gold, iron-ore and platinum.
Real Economy Insight: Automotive 2014 (PDF Report)
This four-page brief covers key developments in the automotive industry over the past 12 months, including an overview of South Africa’s automotive market, trade figures, production and the policies influencing the sector.
Real Economy Insight: Construction 2014 (PDF Report)
This five-page brief covers key developments in the construction industry over the past 12 months. It provides an overview of the sector and includes details of employment in the sector, infrastructure and municipal spending, as well as insight into companies’...
Real Economy Insight: Electricity 2014 (PDF Report)
This five-page brief covers key developments in the electricity industry over the past 12 months, including details of State-owned power utility Eskom’s generation activities, funding and tariffs, independent power producers and prospects for the sector.
 
 
 
 
 
This Week's Magazine
Integrated energy and chemical company Sasol has partnered with Unisa Graduate School of Business Leadership (SBL) professor and founder and CEO of PanAvest Partnership Dr Douglas Boateng to publish a series of books on executive supply chain management aimed at...
MORNÉ DU PLESSIS Increased urgency and burgeoning awareness of the importance of these issues are beginning to change political risks and, thus, State responses to environmental concerns
The World Wide Fund for Nature’s (WWF’s) 2014 Living Planet Index (LPI) indicates that there has been a 52% decline in vertebrate species since 1970. The Index tracked the trends of 10 000 discrete populations of over 3000 vertebrate species between 1970 and 2010.
Rwanda has joined a number of East African countries seeking to import electricity from Ethiopia as its demand grows. After it became apparent several generation project it is implementing will not come on stream early enough, now plans to import 400 MW from Ethiopia...
Metrorail’s first new passenger train will arrive in November next year, says Passenger Rail Agency of South Africa (PRASA) CEO Lucky Montana. “Next year we will be able to put our hands around the infrastructure and equipment we have been talking about for so long.”
The Competition Commission has launched an investigation into what it says are “price fixing, market division and collusive tendering in the market for the manufacture and supply of automotive components to original equipment manufacturers” (OEMs, or vehicle...
 
 
 
 
 
 
 
 
 
Alert Close
Embed Code Close
content
Research Reports Close
Research Reports are a product of the
Research Channel Africa. Reports can be bought individually or you can gain full access to all reports as part of a Research Channel Africa subscription.
Find Out More Buy Report
 
 
Close
Engineering News
Completely Re-Engineered
Experience it now. Click here
*website to launch in a few weeks