http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 13.15Change: -0.03
R/$ = 12.14Change: 0.15
Au 1186.41 $/ozChange: 0.61
Pt 1121.00 $/ozChange: -19.50
 
 
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 Letters 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 Video News
More
 
 
Latest News
Updated 7 hours ago State-owned freight transport group Transnet has announced that Richard Vallihu has been appointed CEO of Transnet National Ports Authority (TNPA) from April 1, following the retirement of Tau Morwe.   Vallihu, who has hitherto headed Transnet Engineering (TE), would...
Eskom chairperson Zola Tsotsi
Updated 7 hours ago The chairperson of South African power firm Eskom said he faced a vote of confidence by the utility's board late on Monday, after being accused of acting improperly by suspending the chief executive. State-owned Eskom has implemented regular power cuts this year to...
Despite the “overwhelming” positivity surrounding the majority of the changes contained within the Private Security Industry Regulatory Authority (PSIRA) Amendment Bill, one clause has “unintended consequences” capable of damaging South Africa as an attractive...
More
 
 
Recent Research Reports
Projects in Progress 2015 - First Edition (PDF Report)
In fact, this edition of Creamer Media’s Projects in Progress 2015 supplement tracks developments taking place under the Renewable Energy Independent Power Producer Procurement Programme, which has had four bidding rounds. It appears to remain a shining light on the...
Electricity 2015: A review of South Africa's electricity sector (PDF Report)
Creamer Media’s Electricity 2015 report provides an overview of State-owned power utility Eskom and independent power producers, as well as electricity planning, transmission, distribution and the theft thereof, besides other issues.
Construction 2015: A review of South Africa’s construction sector (PDF Report)
Creamer Media’s Construction 2015 Report examines South Africa’s construction industry over the past 12 months. The report provides insight into the business environment; the key participants in the sector; local construction demand; geographic diversification;...
Liquid Fuels 2014 - A review of South Africa's Liquid Fuels sector (PDF Report)
Creamer Media’s Liquid Fuels 2014 Report examines these issues, focusing on the business environment, oil and gas exploration, the country’s feedstock supplies, the development of South Africa’s biofuels industry, fuel pricing, competition in the sector, the...
Water 2014: A review of South Africa's water sector (PDF Report)
Creamer Media’s Water 2014 report considers the aforementioned issues, not only in the South African context, but also in the African and global context, and examines the issues of water and sanitation, water quality and the demand for water, among others.
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...
 
 
 
 
 
This Week's Magazine
Projected capital expenditure (capex) in the South African automotive assembly industry should reach a record R7.48-billion this year, says the National Association of Automobile Manufacturers of South Africa (Naamsa) in its 2014 fourth quarter business review. Capex...
After several years of navigating project-threatening red tape and currency fluctuations, the 4.4 MW Bronkhorstspruit biogas power plant, which will supply clean energy to a leading automotive manufacturer in Gauteng, is expected to enter production before June....
RESOURCEFUL The raw material for the pilot plant would be supplied from the dissolving wood pulp plants at Sappi’s Saiccor and Ngodwana mills, in South Africa, and the Cloquet mill, in the US
South African paper and pulp producer Sappi reported earlier this month that it would build a pilot plant for the production of low-cost Cellulose NanoFibrils, or CNF (nanocellulose) at the Brightlands Chemelot Campus in Sittard-Geleen in the Netherlands.
The long-term outlook for Nigeria is a country that has the potential to be very strong. So affirmed International Monetary Fund (IMF) Nigeria Mission Chief and Senior Resident Representative Dr Gene Leon on recently. "But we are starting from a point of huge...
Poor infrastructure planning and inadequate maintenance are becoming increasingly problematic for new developments and the associated infrastructure required to support such developments. In many urban and rural municipalities, the state of infrastructure has been...
 
 
 
 
 
 
 
 
 
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
Subscribe Now for $96 Close
Subscribe Now for $96