S.Africa's MTN was unable to repatriate Iran cash in 2013 -CEO

JOHANNESBURG, March 5 Wed Mar 5, 2014 3:14am EST

JOHANNESBURG, March 5 (Reuters) - South African MTN Group was unable to repatriate cash from its Iran business in 2013 due to sanctions, Chief Executive Sifiso Dabengwa said on Wednesday.

MTN, Africa's largest telecom operator, has been in talks with U.S. officials about withdrawing money from its Iran unit. Those talks are still on-going, Dabengwa said at a briefing following the release of MTN's full-year results. (Reporting by Helen Nyambura-Mwaura; Writing by David Dolan; Editing by Ed Stoddard)

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