Capital Gain

MTN to appeal Syrian court’s ruling

Published: in FINANCE by .

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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