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Ray Le Maistre

Ericsson Defends Iran Position

November 20, 2012 | Ray Le Maistre | Comment (1)
   
  
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9:25 AM -- Ericsson AB (Nasdaq: ERIC) could soon be facing a barrage of criticism following the publication of a Reuters report that details the Swedish vendor's ongoing business in Iran.

The article cites an Ericsson spokesman saying the vendor has not struck any new business in Iran -- which is currently subject to various sanctions -- in recent times and is only honoring long-standing agreements.

But as Ericsson will know from the experience of rivals such as Nokia Siemens Networks , Huawei Technologies Co. Ltd. and ZTE Corp. (Shenzhen: 000063; Hong Kong: 0763), such comments cut little ice with the critics.

For more on vendors and Iran

— Ray Le Maistre, International Managing Editor, Light Reading
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Wednesday November 21, 2012 11:21:47 AM
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United Against Nuclear Iran (UANI) has rushed out a press release condemning Ericsson's "plans to double down on its Iran business"

http://www.businesswire.com/portal/site/home/permalink/?ndmViewId=news_view&newsLang=en&newsId=20121120006493&div=1077095040

 

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