ZTE halts growth in Iran business

Wednesday 28 March 2012 | 09:29 CET | News
China-based ZTE said it is no longer seeking to expand in Iran. While it has provided standard communications and network equipment to Iran on a small scale, the company said that "due to local issues in Iran and its complicated relationship with the international community, ZTE has restricted its business practices in the country since 2011". ZTE no longer seeks new customers in Iran and limits business activities with existing customers. Other telecom equipment providers, such as Ericsson, Nokia Siemens Networks and Huawei Technologies, earlier announced plans to limit business in Iran.

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Categories: General
Companies: Huawei China / Nokia Siemens Networks / ZTE Belgium
Countries: Iran (Islamic Republic of)
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