MTN Lawsuit by Turkcell Subsidiary Dismissed Without Costs
December 01 2022 - 12:50AM
Dow Jones News
By Joe Hoppe
MTN Group Ltd. said Thursday that the South African High Court
has dismissed without costs an action against it by East Asian
Consortium BV, a subsidiary of Turkcell Iletisim Hizmetleri AS
The South Africa-based telecommunications group said Turkcell
and East Asian Consortium, or EAC had initiated action against it
and certain of its subsidiaries in 2013, seeking damages over
allegations of impropriety in the award of the first private mobile
telecommunications license in Iran.
In 2020, Turkcell withdrew as a plaintiff, leaving EAC as sole
plaintiff. The court dismissed the action without costs on
Wednesday, ending the litigation.
"MTN is delighted at the outcome as it has consistently
maintained that the Turkcell Litigation was without merit," the
company said.
Write to Joe Hoppe at joseph.hoppe@wsj.com
(END) Dow Jones Newswires
December 01, 2022 01:35 ET (06:35 GMT)
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