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Ericsson Defends Iran Position

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 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

digits 12/5/2012 | 5:17:20 PM
re: Ericsson Defends Iran Position




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/po...


 




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