MTN Group

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.

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Super-incubator Rocket Internet to channel $410M into Middle East e-commerce

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.

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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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Amadeus achieves first close amounting to USD75 million

Amadeus Capital Partners achieved first close for Amadeus IV Digital Prosperity Fund with MTN as major investor.

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MTN Deal Talks With Reliance Communications Put On Hold

MTN Group Ltd. stalled its talks with Reliance Communications Ltd. due to India's current revision of rules on mergers and acquisitions.

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