ADVFN - Advanced Financial Network.
HOME» NYSE » T » TKC Stock Price » TKC Stock News

Turkcell Ilet Share News

 Turkcell Iletisim Hizmetleri As Stock Price
TKC Stock Price
 Turkcell Iletisim Hizmetleri As Stock Chart
TKC Stock Chart
 Turkcell Iletisim Hizmetleri As Stock News
TKC Stock News
 Turkcell Iletisim Hizmetleri As Company Information
TKC Company Information
 Turkcell Iletisim Hizmetleri As Stock Trades
TKC Stock Trades

Ex-MTN CEO Denies Bribery Allegations Against Company

JOHANNESBURG -(Dow Jones)- A former chief executive of South Africa's MTN Group Ltd. (MTNOY, MTN.JO) Sunday denied allegations that the telecommunications company bribed officials to get access to a license in Iran. Turkey's largest mobile-phone operator last week filed suit against MTN, seeking $4.2 billion in damages related to losing out to MTN for the license to operate in Iran. In a suit filed in the U.S., Turkcell Iletisim Hizmetleri AS (TKC, TCELL.IS) said MTN made improper payments to an Iranian and to a South African government official between 2004 and 2005 to enable the company to secure a license to operate in Iran. Phuthuma Nhleko, former CEO of MTN, said Sunday that Turkcell's claims are "far-fetched." "During my tenure as group CEO of MTN no bribes were authorized or paid by the MTN Group to any South African or Iranian government officials to secure the mobile license in Iran," Nhleko said. MTN holds a 49% stake in Irancell, Iran's No. 2 mobile-phone operator. Turkcell lost out to MTN in 2005 in securing the license, the second to be tendered in Iran. Around 21% of MTN's subscribers are in Iran. Nhleko's denial of fault follows MTN's current management statement last week that it believes the company is innocent. Turkcell's renewed accusations against MTN come as the U.S. is stepping up pressure against foreign companies operating in Iran as a way to cut off revenue to the Iranian regime to stop what it says is nuclear weapon development, a claim Iran denies. MTN this year appointed an external committee to investigate Turkcell's allegations. MTN recently said talks with Turkcell to resolve the issue broke down and that Turkcell hadn't accepted an offer to participate in the investigation. -By Devon Maylie, Dow Jones Newswires; +27 11 783 7848; devon.maylie@dowjones.com

Stock News for Turkcell Ilet (TKC)
DateTimeHeadline
07/25/201411:54:45Cukurova and Alfa Agree on Term for Financing in Turkcell Stake
05/13/201406:38:11Turkcell Holder Cukurova Must Pay $1 Billion in Damages to TeliaSonera:...
04/25/201405:02:32Turkcell First-Quarter Net Profit Hit By Ukraine Operations
04/23/201402:40:07TeliaSonera 1st Quarter Revenue, Profit Decline
04/23/201402:25:12TeliaSonera First-Quarter Revenue, Profit Decline
02/05/201409:52:08Turkcell Shareholder Cukurova Gets Extension on Payment to Alfa...
01/02/201409:04:15Turkcell Says Faces TRY527.7 Million Tax Demand and Fine
11/15/201309:01:37HBK Investments LP 3Q 13F: Largest Eliminations
11/15/201309:01:27HBK Investments LP 3Q 13F: Largest Eliminations -2-
11/15/201309:01:27HBK Investments LP 3Q 13F: Largest Sales
11/15/201309:01:27HBK Investments LP 3Q 13F: Largest Purchases
08/16/201306:53:36Turkish Regulators Move to End Turkcell Quagmire
07/29/201311:55:22UK Court Grants Turkcell's Stakeholder Cukurova Extension to...
07/16/201309:02:12Turkcell Holder Cukurova Seeks Extension For $1.56 Billion Alfa...
07/16/201306:15:09Turkey's Regulator to Appoint Two Board Members to Turkcell
07/09/201310:13:11TeliaSonera Welcomes UK Court Decision on Turkcell
07/09/201306:09:58Turkcell Majority Stake to Cost Cukurova $1.56 Billion, UK Court...
06/24/201306:24:16TeliaSonera: Regrets Turkcell's Failed AGM
05/29/201311:36:08Turkcell To Hold Postponed Annual General Meeting on June 24
05/14/201306:56:13Turkcell Seeks Board Approval to Distribute At Least 50% of Profit...

Turkcell Ilet and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad