Iran’s Minister of Communication and Information Technology, Reza Taghipour, is reportedly pushing for South African group MTN to sell off a 21% stake in the country’s second largest mobile operator, MTN Irancell. According to local website Kabir News, the government official claims the stake sale was included in the terms of Irancell’s concession. MTN, which currently holds a 49% interest in Irancell, disagrees, however; it insists that the agreement to offload 21% via an initial public offer (IPO) only applied to Irancell’s original foreign shareholder, Turkcell of Turkey.
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OVETEL MTN urged to offload a 21% stake in Irancell
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