The High Court has dismissed litigation against MTN over its operations in Iran.
The High Court has dismissed an application by one of MTN’s former rivals in Iran seeking $4.2 billion in damages, excluding interest.
The battle between the companies centres around a tender for cellular network operating licences in Iran that dates back to 2004.However, MTN subsequently operated Iran’s first private cellphone network as MTN Irancell. Turkcell withdrew from the legal action in November 2020, leaving EAC as the sole plaintiff against MTN.
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