China’s Huawei says it is limiting business in Iran

Kurdpa - China’s largest maker of telecommunications equipment says it is voluntarily limiting its business activity in Iran because of the “increasingly complex situation” there.

Huawei Technologies Ltd. says it is no longer seeking new customers and limiting its business with existing customers. It said in a statement on its website that it will continue to provide necessary services relating to communication networks that are under delivery or have already been delivered.

The Wall Street Journal reported in October that Huawei’s business grew in Iran following a pullback by Western companies after the government’s bloody crackdown on demonstrators in 2009.

Huawei manufactures and sells telecommunications equipment for commercial and civilian use.

Source - The Associated Press