South Africa's MTN to pay $40 mln for stake in Iranian Net
JOHANNESBURG May 8 South Africa's MTN Group has agreed to buy a 49 percent stake in fixed broadband provider Iranian Net for 540 million rand ($40 million), it said on Monday.
It said it would invest an additional 3.4 billion rand in equity and loans to facilitate Iranian Net's rollout targets over the next five years.
($1 = 13.5426 rand) (Reporting by Tiisetso Motsoeneng; editing by Jason Neely)
BRIEF-Southern Cross Media responds to government's broadcasting licence fee relief
* Asx alert-SCA welcomes interim broadcasting licence fee relief-sxl.ax