South African firm now poised for Iranian telecoms deal
An AFP newswire article, via Yahoo! News, reports that:
Iran is finalising a new contract with South African firm Mobile Telephones Network (MTN) after throwing Turkish company Turkcell out of a venture to set up the Islamic republic's second mobile network.
Ebrahim Mahmoudzadeh, the head of the Irancell consortium set up to manage the multi-billion dollar project, said MTN had deposited the 290 million euro license fee required to take the 49 percent stake originally awarded to Turkcell.
The depositing of the cash with an Iranian bank is a first step to negotiating contract details and signing a deal.
The comments are further confirmation that Turkcell is out of the running, despite the company's assertion that it remains involved.
posted by Fergie @ 10/04/2005 09:44:00 AM
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