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General

Nokia Siemens to scale back business in Iran

Wednesday 14 December 2011 | 10:26 CET | News
Nokia Siemens Networks has decided not to take on any new business in Iran and gradually reduce its existing commitments there from next year. In a letter to its staff in Iran, the network equipment vendor cited toughening global sanctions against Iran that "make it almost impossible for Nokia Siemens Networks to do business with Iranian customers", the Wall Street Journal reports. The company said it will continue to support existing customers and honour contracts for as long as possible within the limits of any existing or new sanctions and applicable laws. In its letter, NSN said there

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Categories: General
Companies: Huawei China / MTN Irancell / Nokia Siemens Networks / Siemens / TCI
Countries: Iran (Islamic Republic of)
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