NewsExpress advert Yudala 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: 461


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

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

 

You may also like...
How Nigeria can double her GDP (Part Two)...

How we’re opening up government to Nigerian citizens:...

Confusion mars Anambra PDP ward congress

Jimoh Ibrahim’s Daily Newswatch unveiled

Ambode identifies 3 sectors to get more attention...

Akpabio installed Ritman University Chancellor

Niger Delta TV a pride to Bayelsa, says...

Oba of Lagos to be dragged before International...

Skye Bank manager jailed over N200m fraud

Army Chief commends NIMASA for combating piracy

COINCIDENCES: Of Emeritus Pope Benedict, Pope Francis and...

INEC deploys website technology for electorate, candidates

 

Latest News Buhari’s son rumoured dead but Presidency says very much alive Yobe school attack: 2 girls reported dead, 13 still missing Stop extorting money from innocent Igbo traders, Okorocha tells Customs Teleology emerges 9mobile preferred bidder, given 21 days to deposit non-refundable $50m Court declares daytime curfew of Oro festival illegal in Ogun FG to invest in modular refineries PDP expresses shock over missing Dapchi school girls, tasks Police IG Budget Minister briefs National Assembly leadership on economic recovery focus labs Ekiti movement releases ‘Neighbor to Neighbor’ outreach timetable for Fayose’s preferred successor African migrants begin hunger strike over Israel policy Delta State Government seeks parents’ support for measles vaccination campaign NSCDC officials who shot Bayelsa youths acted in self-defence: State Commandant

 

Most Read Nigerian female sex addict opens up, says ‘I like it with both men and women’ (326,099 views) NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (317,790 views) Shameless Genevieve Nnaji exposes breasts in public (254,526 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (208,795 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (194,685 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (187,604 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (163,275 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (146,590 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (140,336 views) Lagos plane crash: Journalist releases victims’ names (129,464 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (127,967 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (123,060 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (34) Business (2,899) Business Verdict (34) Columnists (804) Complaints & Requests (94) Enterprise & Opportunities (203) Entertainment (446) Features (549) Global Business Monitor (226) International (1,799) Interviews (143) Live Commentary (28) Love Matters (105) News (33,033) Opinion (883) Pidgin (10) Politics (4,512) Religion (681) Sports (1,438) Stock Watch (28) AMA & Al Jazeera Global Update

 

 

Football president George Weah puts Liberian army to the test

 

APO Group Partner

 

CLASSIFIED ADS

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement