Significant Market Reverberations to PLA and SOE Hacking Scandal

The pub­lic report issued by Man­di­ant in Feb­ru­ary 2013 and the charges filed by the U.S. Jus­tice Depart­ment in May 2014 have exposed SOEs impli­cat­ed in this scan­dal to poten­tial mar­ket scruti­ny and penal­ty due to vio­la­tions of good faith mar­ket prin­ci­ples.  The emerg­ing real­i­ty of cer­tain con­tracts, joint ven­tures and oth­er agree­ments hav­ing been achieved by cheat­ing part­ners, clients and ...

Sale of Telecom Equipment: ZTE Corporation (China)

On July 24, 2011, the Telecom­mu­ni­ca­tion Com­pa­ny of Iran signed a con­tract for the pur­chase of com­put­er hard­ware and soft­ware from ZTE Cor­po­ra­tion.  The con­tract for $120 mil­lion includ­ed equip­ment from Microsoft, Hewlett-Packard, Ora­cle, Cis­co Sys­tems and Dell.  Report­ed­ly, ZTE main­tains “sub com­pa­nies” allow­ing it to pur­chase telecom­mu­ni­ca­tions equip­ment that it intends to sell to embar­goed ...

Development of North Korean Telecommunications Network

Egypt‘s Oras­com Tele­com Hold­ings owns 75% of a joint ven­ture with North Korea‘s Korea Posts and Telecomm Cor­po­ra­tion (KPTC) that has the license to oper­ate that country‘s only 3G mobile net­work.  The license was grant­ed in Decem­ber 2008. That same month, Oras­com Tele­com opened Ora Bank in Pyongyang as part of a joint ven­ture with the North Kore­an gov­ern­ment-owned For­eign Trade Bank.  Reports indi­cate that ...