The attorneys believe the telco is trying “to squeeze every last dollar out of” its alleged partnership with the Iranian Revolutionary Guards Corps.

The Middle East operations, which contribute less than other regions to the group, will be offloaded and it will push more resources to its African portfolio.

The outgoing MTN boss is expected to join the British telecoms company as CEO of the group’s enterprise unit by the end of the 2020/21 financial year.

While the country’s leading companies will report a combined drop of over R65 billion in brand value, the telcos have weathered the storm.

The Pan-African mobile operator ups its support of the war against COVID-19 on the continent by anchoring an information platform.

Complainants allege MTN paid bribes to al-Qaida and the Taliban to avoid investing in expensive security for its transmission towers.

In the first quarter, the company added 2.9 million active data users across its operations on the continent.

The chairman, group CEO, group CFO and a number of directors pledge 30% of their board fees and salaries for the next three months.

The mobile operator says it is among the largest taxpayers in many of the markets it operates in.

The mobile operator is in negotiations with the Competition Commission that will see it announce price reductions on its data packages.

The group’s stellar full-year results were supported by double-digit growth in service revenue from both MTN Nigeria and MTN Ghana.

The mobile operator announces the departure of its group president and CEO at the end of his contract in March 2021.