MTN shares bounce as threat of US anti-terror case recedes
Tide turns in mobile operator’s favour as judge recommends that the US terror case be dismissed
02 August 2021 - 22:56
An ongoing US antiterrorism case looks to have turned in mobile operator MTN’s favour as a judge recommended that the case be dismissed, sending shares shooting up more than 8% on Monday.
The case has been hanging over MTN for close to two years after the families of more than 200 US soldiers killed and wounded in Afghanistan — which the US invaded in the early 2000s to topple the Taliban — claimed it had paid protection money to the Islamist movement and actively helped its fighters from being detected by counterinsurgency forces...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.