ZTE sold surveillance systems to Iran
March 29, 2012 Category Uncategorized
Shenzhen-based ZTE Corp has sold the Telecommunication Co of Iran (TCI), Iran’s largest telecom firm, a powerful surveillance system capable of monitoring landline, mobile and internet communications. The system was part of a €98.6 million contract for networking equipment. Government-controlled TCI has a near monopoly on Iran’s landline phone services and much of Iran’s internet traffic is required to flow through its network. ZTE documents reveal the deal includes hardware and software from some of America’s best-known tech companies, including Microsoft, Hewlett-Packard, Oracle, Cisco Systems, Dell, Juniper Networks and Symantec. ZTE has partnerships with some of the U.S. firms. As the U.S. has imposed sanctions on Iran, the hard- and software from U.S. companies was not supposed to be sold to Iran. ZTE Spokesman Li Erjian said his firm only sold standard equipment to Iran. “Our main focus for business in Iran is to provide standard communications and network solutions for commercial use to help upgrade their network.” Subsequently, ZTE announced it was no longer seeking to expand in Iran. “Due to local issues in Iran and its complicated relationship with the international community, ZTE has restricted its business practices in the country,” it said. ZTE Corp’s full-year profit fell 37% to CNY2.06 billion in 2011, from a restated CNY3.25 billion a year earlier. Research and development (R&D) costs rose to CNY8.5 billion from CNY7.1 billion a year earlier, ZTE said. The company posted a 48% drop in fourth-quarter net profit, the third straight quarter fall, dented by weak telecom spending in Europe and narrower margins on handset sales. Net profit slid to CNY991 million from CNY1.89 billion a year ago.
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