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Nokia Siemens Venture to Reduce Its Business in Iran

Author: Steve Stecklow, Wall Street Journal, Published on: 14 December 2011

The executive board of network-equipment vendor Nokia Siemens Networks said it has decided not to take on any new business in Iran and will gradually reduce its existing commitments, effective Jan. 1, 2012. In a letter to its staff in Iran, the Helsinki-based joint venture cited toughening global sanctions against Iran that "make it almost impossible for Nokia Siemens Networks to do business with Iranian customers."...The action by the company—a joint venture between Nokia Corp. and Siemens AG—ramps up economic pressure on Iran, which has a growing mobile-phone industry that the government controls...In recent months, companies have been under growing international pressure not to provide technology that enables repressive regimes to crack down on dissidents. [also refers to Huawei Technologies, Telecommunications Co. of Iran, MTN Irancell]

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Related companies: Nokia Nokia Networks (part of Nokia) Siemens