Investors appear only a little perturbed by lawsuit against MTN
Losses in share price muted after allegations the cellphone company violated US antiterrorism laws in Afghanistan
31 December 2019 - 11:44
The share price of cellphone giant MTN was only a little lower in response to the lawsuit brought by attorneys representing US service members and contractors killed in Afghanistan. They are seeking damages as a result of the company allegedly violating US antiterrorism laws.
MTN’s share price was just 0.5% weaker at the JSE’s open on Tuesday morning, at R83.15, after closing 0.74% lower on Monday when the news of the suit broke. By contrast, MTN’s nearest competitor, Vodacom, was virtually unchanged at R117...
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