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MTN to appeal Syrian court’s ruling

To place the company’s Syrian business under judicial guardianship and is also considering other steps.
Image: Moneyweb

South Africa’s MTN Group said on Friday it intends to appeal the Administrative Court of Damascus’ ruling to place the company’s Syrian business under judicial guardianship and is also considering other steps.

The company said a lawsuit was filed to the court by the Syrian Ministry of Telecommunications and the Syrian Telecommunications and Post Regulatory Authority earlier this month, seeking interim measures against MTN Syria.

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A court in Damascus? That will make our crowd look like Saints! MTN ventures where no others dare to tread..Nigeria, Iran, Syria…al fine states with great rule of law. No wonder the share has lost nearly 70% since its peak-risks too high and no reward…just look at the sovereign country rights issue for the Nigerian gangsters…paid for by shareholders of MTN

OOOOOpppppps …. here we go again!

MTN — You want toplay with fire – you get burnt. These dictatorships do not take kindly to successful capitalism.

Seems this company has lawsuits everywhere?

End of comments.

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