Fidelity bank banner Bayelsa State banner
MTN files defence plea in $4.2bn suit

By News Express on 31/10/2017

Share on facebook Yahoo mail icon Gmail icon Share on Google+

Views: 630


MTN sees a $4.2 billion claim by Turkcell in a South African court over a disputed Iranian mobile phone licence as “opportunistic” and “baseless”, the company said on Tuesday after filing a defence plea.

Turkcell first sued MTN in a U.S. court in 2012, alleging the company used bribery and wrongful influence to win a lucrative Iranian licence that was originally awarded to Turkcell.

It dropped the suit a year later after U.S. Supreme Court ruling in a separate case made clear that U.S. courts would not have jurisdiction in a claim involving two foreign firms in an overseas dispute.

A year later it filed in South Africa, where the case has been stuck in procedural wrangling since.

“Turkcell’s claim is opportunistic, an abuse of the process of Court, baseless and without merit,” MTN said in a statement after filing a defence plea on Monday.

Turkcell was not immediately available to comment.

MTN obtained the licence in Iran in 2005 and maintains that Turkcell missed out because it would not comply with an Iranian rule that caps the shareholding in the licence at 49 percent.

Iran is MTN’s third largest market out of the 22 countries the company operates in.

MTN previously appointed a retired British judge to lead an external investigation into Turkcell’s allegations. That probe dismissed the accusations as “a fabric of lies, distortions and inventions”.

•Text courtesy of Reuters.

 

Source News Express

Posted 31/10/2017 9:25:27 PM

 

Share on facebook Yahoo mail icon Gmail icon Share on Google+


 

CLASSIFIED ADS

REVEALED: 3 natural ways to get stronger erections, last 25 minutes on bed, and increase manhood size without using drugs. Also, Natural Prostrate Enlargement Remedy.. Get In HERE...

 

You may also like...
Radio Biafra Director Nnamdi Kanu meets bail conditions...

National Hospital reopened after payment of N7.7m debt...

Pomp as UNN celebrates 46th Convocation in style...

Muhammadu Buhari’s unconvincing return from medical leave, By...

2019: All set for Atiku's declaration for president...

Kanye West’s music label dumps D’banj

NiMet predicts cloudy skies, thundery activities on Monday...

50 wounded as thugs invade Ondo APC congress...

IPOB outraged as Nnamdi Kanu’s case file disappears...

Edo residents count gains of anti-crime strategy, laud...

Directors write exams to fill 20 Perm Sec...

Enyeama quits Super Eagles after humiliation by Oliseh...

 

Latest News IMAGES OF 2018 NiOMA Abia State: Welcome to the new economic frontier of Nigeria, By Sam Hart Money Politics: Lessons from Ekiti governorship election, By Pelumi Olajengbesi Ace Broadcaster Lara Owoeye-Wise loses mother Why kidnappers are after me — Mikel Obi’s father •Opens up on strained relationship with Mikel Buhari, APC, governors woo Saraki with juicy offers 9 family members perish in boat mishap Apostle Sulaiman under attack over failed prophesy on Ekiti election Osinbajo orders 72-hour joint operation to clear Apapa traffic gridlock Killings, greatest threat to Nigeria’s existence — Dickson I’m no longer in APC, Gov. Ortom insists Alex Otti back in the race for Abia governorship

 

Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (363,376 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (359,109 views) Shameless Genevieve Nnaji exposes breasts in public (287,515 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (235,928 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (215,231 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (212,918 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (187,023 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (168,966 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (156,553 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (153,264 views) Lagos plane crash: Journalist releases victims’ names (148,039 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (139,157 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (52) Business & Economy (3,364) Business Verdict (48) Columnists (890) Complaints & Requests (94) Enterprise & Opportunities (207) Entertainment (516) Features (616) Global Business Monitor (286) International (2,153) Interview (158) Live Commentary (28) Love Matters (127) News (37,326) Opinion (1,024) Pidgin (10) Politics (5,631) Religion (788) Sports (1,612) Stock Watch (33) AMA & Al Jazeera Global Update

 

CBN banner

Firstmobile banner

 

 

NEWS EXPRESS TV

Nigerian detainees send SOS from Osama prison

 

APO Group Partner

 

 

CLASSIFIED ADS

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement