{"id":10842,"date":"2012-05-29T22:16:22","date_gmt":"2012-05-29T20:16:22","guid":{"rendered":"http:\/\/www.myza.co.za\/05\/update-1-mtn-says-working-with-u-s-on-iran-sanctions-compliance\/"},"modified":"2012-05-29T22:16:22","modified_gmt":"2012-05-29T20:16:22","slug":"update-1-mtn-says-working-with-u-s-on-iran-sanctions-compliance","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/update-1-mtn-says-working-with-u-s-on-iran-sanctions-compliance\/","title":{"rendered":"UPDATE 1-MTN says working with U.S. on Iran sanctions compliance"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>(Adds details, background)<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>JOHANNESBURG, MAY 29 &#8211; African mobile operator MTN<br \/>\nsaid on Tuesday it is working with U.S. authorities to manage<br \/>\ncompliance with sanctions against Iran, one of its biggest<br \/>\nmarkets.<\/p>\n<p><span><\/span><\/p>\n<p>The telecoms giant is facing a $4.2 billion suit in U.S.<br \/>\ncourts over allegations by rival Turkcell that it<br \/>\nused underhand tactics in acquiring the Iranian licence.<\/p>\n<p><span><\/span><\/p>\n<p>Turkcell says MTN bribed both South African and Iranian<br \/>\nofficials and asked South Africa to provide weapons to Iran to<br \/>\nacquire the permit.<\/p>\n<p><span><\/span><\/p>\n<p>Turkey&#8217;s largest mobile operator initially won a bid for the<br \/>\nlicence in 2004. Tehran later backed out of the deal and awarded<br \/>\nthe business to MTN in 2005.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;MTN is working with the U.S. authorities to manage its<br \/>\ncompliance with U.S. sanctions against Iran. MTN also continues<br \/>\nto retain international legal advisors to assist the group in<br \/>\nremaining compliant with applicable EU, U.S. and UN sanctions,&#8221;<br \/>\nMTN said in a statement ahead of an annual general meeting.<\/p>\n<p><span><\/span><\/p>\n<p>The mobile firm has bought back shares worth 1.36 billion<br \/>\nrand ($163 million) in the last three months and says it will<br \/>\nkeep buying when good opportunities arise. Last year, MTN<br \/>\nrepurchased shares worth 2.29 billion rand.<br \/>\n($1 = 8.3435 South African rand)\t<\/p>\n<p> (Reporting by Helen Nyambura-Mwaura; Editing by Ed Stoddard)<\/p>\n<p><span><\/span><\/p>\n<p class=\"copyright\">\n<p>         \t\t\u00a9 Thomson Reuters 2012 All rights reserved<\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Adds details, background) JOHANNESBURG, MAY 29 &#8211; African mobile operator MTN said on Tuesday it is working with U.S. authorities to manage compliance with sanctions against Iran, one of its biggest markets. The telecoms giant is facing a $4.2 billion suit in U.S. courts over allegations by rival Turkcell that it used underhand tactics in [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-10842","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/10842","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=10842"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/10842\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=10842"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=10842"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=10842"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}