Tuesday, May 29, 2012

Telecom giant MTN working with US on Iran sanctions compliance

(Reuters)- 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 telecommunications giant is facing a US$4.2 billion suit in U.S. courts over allegations by rival Turkcell that it used underhand tactics in acquiring the Iranian licence.

Turkcell says MTN bribed both South African and Iranian officials and asked South Africa to provide weapons to Iran to acquire the

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