MTN Irancell CEO secretly replaced
Authorities ousted state mobile operator MTN Irancell’s chief executive officer without informing MTN Group.
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Authorities ousted state mobile operator MTN Irancell’s chief executive officer without informing MTN Group.
Regardless of whether anti-government protests in Iran lead to regime change or not, MTN risks reputational and financial damage because of its subsidiary in the country.
MTN Group CEO Ralph Mupita says US sanctions have made its investment in Iran a “frozen asset”.
The Johannesburg-based group holds a minority interest in Irancell, which is not under its operational control, while it sold its Afghanistan operations early last year.