Turkcell hits MTN with $4.2 bn suit
Mobile phone company Turkcell said Wednesday it had lodged a $4.2 billion lawsuit against South Africa-based competitor MTN in Pretoria, accusing the firm of corruption.
The case relates to a long-running fight between the competitors, with Turkcell accusing MTN of bribing Iranian officials to overturn a tender won by the Turkish firm.
"Turkcell was awarded Iran's first private GSM licence in 2004, but was unlawfully prevented from receiving the licence," the company claimed in a statement.
Turkcell had initially sued MTN in the United States, but the case was ultimately withdrawn when it became clear a US court would not claim jurisdiction.
MTN vowed to fight the claim.
"Although we don't have details of the case, MTN continues to believe that there is no legal merit to Turkcell's claim and will accordingly oppose it."
© 2013 AFP