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 Con­sor­tium, a com­pa­ny affil­i­at­ed with the Iran Rev­o­lu­tion­ary Guards Corps (IRGC) and that is used by the IRGC to acquire com­pa­nies, con­trols telecom­mu­ni­ca­tion Com­pa­ny of Iran, the customer.