ZTE halts growth in Iran business

News General Iran (Islamic Republic of) 28 MAR 2012
ZTE halts growth in Iran business
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.

Categories:

General

Companies:

Nokia Siemens Networks,  Huawei China,  ZTE Belgium

Countries:

Iran (Islamic Republic of)

Tags:

Network equipment, Sales, Wholesale, Government policy, Corporate strategy

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