MTN Shares Drop Most in Month After Turkcell Threatens Lawsuit
February 06, 2012, 8:57 AM ESTBy Janice Kew
Feb. 3 (Bloomberg) -- MTN Group Ltd. dropped the most in almost a month in Johannesburg trading after saying Turkcell Iletisim Hizmetleri AS may file a lawsuit against the company over the acquisition of an operating license in Iran.
The stock fell as much as 4.4 percent, the biggest intraday decline since Jan. 5, to 132.21 rand and was trading at 133.15 rand as of 9:05 a.m. in the city.
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To contact the reporter on this story: Janice Kew in Johannesburg at jkew4@bloomberg.net
To contact the editor responsible for this story: Vernon Wessels at vwessels@bloomberg.net
