
Iran Focus
London, 13 August – On Wednesday, Africa’s multinational mobile telecommunications company, MTN Group, stated that it will meet its 2018 dividend target despite new U.S. sanctions making it harder to repatriate cash from its Iran joint venture.
MTN reported a 7 percent drop in half-year profits on Wednesday. The company has around 3.4 billion rand ($256 million) in accumulated dividends and loans from its joint venture in Iran. MTN’s shares dropped some 8 percent in late trading following the results and its warning on Iran.


