The Iran nuclear deal is great for Africa's largest mobile operator MTN

Johannesburg is a long way from Tehran. But celebrations in the Iranian capital after an historic nuclear agreement framework last week were echoed in the Johannesburg headquarters of MTN, a mobile operator that commands the biggest market share in Africa.

MTN operates in 21 countries across Africa, the Middle East and Asia, including in Iran, where it holds a 49% stake in Irancell, the nation’s second-largest operator. But sanctions limiting economic ties with Iran hampered MTN’s ability to repatriate any money back home.

Read more: The Iran nuclear deal is great for Africa’s largest mobile operator – Quartz.

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