According to MTN CEO,the company is expanding from Africa to Asia and the Middle East. The largest African mobile operator, MTN Group Ltd, is expected to spend as much as US $8 billion on acquisitions in order to increase its spending in networks that limited its earnings.
Tags: MTN Group
MTN: We Obey Nigerian Fund Transfer Rules
LAGOS – In an interview on Friday, MTN has denied the allegations of the illegal repatriation of $14 billion Nigerian funds.
Sanctions-scarred banks may hold back Iran's economic relief
Major banks wary of heavy U.S. penalties will be reluctant to restore ties with Iran even if sanctions are lifted in a possible nuclear deal, bank executives and advisers say, likely denting Iran's ambition to attract foreign investment to revive its crippled economy.
Germany-based incubator program Rocket Internet is planning to team up with telecom provider MTN Group to form Middle East Internet Holding, to develop e-commerce firms in the region
Germany-based incubator program Rocket Internet is planning to team up with telecom provider MTN Group to form Middle East Internet Holding (MEIH), which will invest $410 million to develop e-commerce firms in the region.
Turkcell sues MTN in South Africa for $4.2 billion in Iran damages
Turkish mobile phone company Turkcell has taken to a South African court its $4.2 billion lawsuit against rival MTN Group, alleging it was the victim of "corruption and bribery" that caused it to lose a contract in Iran.
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