FBI probes China's ZTE over Iran tech deals: report

Author: Steve Stecklow & Melanie Lee, Reuters, Published on: 13 July 2012

The FBI has opened a criminal investigation into ZTE Corp's sale of banned U.S. computer equipment to Iran, a website reported, as the Chinese telecoms gear maker warned its first half net profit could fall as much as 80 percent. The federal investigations stem from a Reuters report in March that Shenzhen-based ZTE sold Iran's largest telecoms firm a powerful surveillance system capable of monitoring landline, mobile and Internet communications…ZTE spokesman David Shu said the company had no immediate comment. [also refers to Microsoft, HP, Oracle, Cisco, Dell, Nokia Siemens Networks]

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Related companies: Cisco Systems Dell HP (Hewlett-Packard) Microsoft Nokia Nokia Networks (part of Nokia) Oracle Siemens ZTE