Telecom: Huawei cuts back business in Iran

Chinese telecommunications equipment maker will cut back its business due to “increasingly complex situation” there.

BEIJING: Chinese telecommunications equipment maker Huawei Technologies says it will cut back its business in Iran, where it aids state-run telecom operators, due to the “increasingly complex situation” there. Huawei will “voluntarily restrict its business development” in Iran “by no longer seeking new customers and limiting its business activities with existing customers”, the Shenzhen-based company said on its website. “For communications networks that have been delivered or are under delivery to customers, Huawei will continue to provide necessary services to ensure communications for Iran’s citizens,” the statement said. Last month, the United States announced fresh sanctions against Iran’s energy industry and warned firms against dealing with the Islamic republic’s financial sector, naming the country “a primary money laundering concern”.

Published in The Express Tribune, December 11^th, 2011.