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 countries.  Mobin Trust ...

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 Orascom Telecom ...