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MTN in patient wait for Iran funds – Business Day

MTN in patient wait for Iran funds – Business Day

MTN expects it will take until next year to free its $1.1bn profits trapped in Iran following nuclear agreements Iran reached with the US and other countries to lift sanctions. MTN chief financial officer Brett Goschen said there were still a number of processes that would have to be finalised. But the group felt more positive, and if sanctions were lifted now, it would be able to repatriate its money possibly by next year. Aslam Dalvi comments. view article

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