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.
Posted Sunday, July 24, 2011 at 12:00am