MTN to replace Turkcell in Irancell

22 Jun 2005

South African wireless operator MTN is being tipped in the press to replace Turkcell as the foreign investor in the country’s second national operator, Irancell. Irancell was formed in 2003 as a partnership between the Turkish cellco (70%) and local investors and secured the country’s second GSM licence in February 2004. Six months later, however, government hardliners pushed through a bill to restrict foreign ownership to 49%, leaving Turkcell with little option but to agree to the changes or walk away from the country. Turkcell appears to have chosen the latter option, leaving the door open for MTN to replace it.

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