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...

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