MTN Group Responds to Media Reports on Iranian Investment Clarifications

MTN Group, a major telecommunications company based in South Africa, has issued a formal statement addressing recent media reports regarding its minority investment in Iran, clarifying its position and the implications of its involvement in the country. The company acknowledges that some reports contain inaccuracies and misleading information about its operations in Iran, particularly concerning its 49% stake in Irancell, the second-largest mobile operator in the nation.

The statement, released on July 18, 2025, emphasizes that MTN Group has not exerted operational control over Irancell and has not benefited financially from this investment since May 2018, when the United States reinstated sanctions against Iran following its withdrawal from the Joint Comprehensive Plan of Action (JCPOA). According to the company, it has refrained from extracting capital or dividends from the Iranian market during this period.

"Since the re-imposition of U.S. sanctions, we have maintained strict adherence to all global sanctions regulations and have ensured our legal and ethical compliance in all markets in which we operate," said Mcebisi Jonas, Chairman of MTN Group. The Group's decision to invest in Iran dates back to 2006, but it has since sought to simplify its portfolio and focus on its pan-African strategy, which includes a commitment to digital solutions for the continent's growth.

The company further asserts that it has no intention of re-entering or expanding its operations in the Iranian market, aligning with its strategic decision to exit the Middle East. This shift has been part of MTN's broader efforts to concentrate its resources on the African continent, where it serves approximately 297 million customers across 16 markets as of March 31, 2025.

Critics have raised concerns about the ethical implications of doing business in Iran, particularly in light of human rights issues and geopolitical tensions. MTN Group has reiterated its commitment to human rights, stating that it strives to provide digital products and services that respect the rights of individuals.

In light of ongoing litigation in the United States related to the Anti-Terrorism Act, MTN Group expressed deep sympathy for those affected by conflicts in Iraq and Afghanistan, asserting that it was not involved in those events. The company's legal team has maintained that MTN Group has not been found guilty of any wrongdoing in connection with these cases.

As MTN Group continues to navigate the complexities of international business, its leadership remains firm in its stance that its operational decisions are independent of the South African government’s foreign policy. This distinction aims to clarify any misconceptions regarding the Group's influence in the political arena.

In conclusion, as MTN Group enhances its focus on the African market, it continues to face scrutiny over its past investments in volatile regions. The company’s commitment to compliance, ethical operations, and human rights will likely play a significant role in shaping its future business strategies and public perception. The implications of these developments will be closely monitored by stakeholders, analysts, and industry observers alike, as MTN Group seeks to reinforce its position as a leader in the digital solutions sector across Africa.