MTN shares up after Turkcell withdraws $4.2 bln corruption suit

[Wireless News]

http://l1.yimg.com/bt/api/res/1.2/hKy63gJUvldiBi2G3fyTQA--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_ZA/News/Reuters/2013-05-02T111300Z_1_AJOE9410V5Q00_RTROPTP_2_OZABS-SAFRICA-MTN-20130502.JPG (http://news.yahoo.com/mtn-shares-turkcell-withdraws-4-2-bln-corruption-111300943.html)By Helen Nyambura-Mwaura JOHANNESBURG (Reuters) - Shares of MTN rose more than 3 percent on Thursday after Turkcell withdrew a $4.2 billion lawsuit against the South African mobile operator in a dispute over a massive mobile phone contract in Iran. Turkey's largest cell phone operator had filed the lawsuit in Washington last year alleging the Johannesburg-based company used bribery to win a mobile licence in Iran that was first awarded to Turkcell. In a Wednesday filing, lawyers for Turkcell asked to dismiss the case in light of a U.S. ...



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