Archive | Communication

Rouhani Govt Criticizes IRGC Arrests of Journalists

By Arash Karami, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Members of President Hassan Rouhani’s Cabinet have publicly criticized the recent arrests of Reformist journalists and online activists on the threshold of a presidential election. “From the beginning, the administration has been opposed to […]

Portugese Telecom Firm Enters Iran

Potugal-based Altice Labs has announced that it will provide GPON technology to equip apartment buildings in Tehran. In the first phase, a supply of a set of active station equipment (OLT) is planned, namely: 15 OLT1T0, 3 OLT1T3 and 3000 ONTs (terminal equipment) that will allow the interconnection of IP video gateways, including the possibility […]

China’s ZTE removed from US Blacklist

By John Lee. China’s ZTE Corp has announced that it has been removed from the United States Department of Commerce blacklist, after it agreed to pay nearly $900 million in fines and other penalties. The company had previously pleaded guilty to conspiring to violate US sanctions by illegally shipping U.S. goods and technology to Iran. […]

ZTE Corp Pleads Guilty in Sanctions Case

By John Lee. Chinese telecom equipment maker ZTE Corp has pleaded guilty to conspiring to violate U.S. sanctions by illegally shipping U.S. goods and technology to Iran. The guilty plea was part of an agreement the company reached earlier this month with U.S. authorities that also called for nearly $900 million in fines and other […]

ZTE fined $1.1bn for flouting US Sanctions

By John Lee. Chinese telecom giant ZTE Corporation (Zhongxing Telecommunications Equipment Corporation) has agreed to plead guilty to charges that it shipped US-made equipment to Iran and North Korea, and has been fined $1.1 billion. The equipment included routers, microprocessors and servers controlled under export regulations for “security, encryption… and/or anti-terrorism reasons“. Steven T. Mnuchin, US […]

Indigo Holdings buys into Iranian Online Classifieds Marketplace

Indigo Holdings plc (NEX: INGO), the Middle East focused Investment Company that provides investors with exposure to early stage businesses, has invested €375,587 (approximately £320,000) in Net Tejarat Ahoura Company (“Net Tejarat), which owns 100% of the issued share capital of Sheypoor, a leading Iranian online classifieds marketplace. Indigo has acquired a 1.09% stake in […]

MTN reviewing further Investment Opportunities in Iran

By John Lee. South African telecom giant MTN Group has said the repatriation of monies from MTN Irancell is “expected to be normalised“. The company said that, following the easing of sanctions, it expects growth in the Iranian economy, and sees significant opportunities to expand its services, particularly in the digital space. In its full-year results […]

US allows China’s ZTE to Continue Working With Iran

By John Lee. Chinese telecommunications firm ZTE has been granted a reprieve from the U.S. to continue work with Iran until 29th March; this is the shortest reprieve granted by the US to ZTE. The Bureau of Industry and Security (BIS), which is part of the US Department of Commerce, has extended ZTE’s temporary general […]

MTN Irancell Invests in IIG

The Iran Internet Group (IIG), the leading internet group in Iran with several million unique and paid transactions every month, just announced the closing of a funding round led by MTN Irancell. The group, whose ventures include the by far market-leading car hailing platform Snapp, has secured the funding in a move that will further […]

South Africa’s MTN Eyes Expansion in Iran

A senior official with South Africa’s telecom giant MTN Group said it plans to increase its presence in Iran’s lucrative market following the removal of anti-Tehran sanctions. “We’re very excited about Iran and the possibilities there,” MTN’s newly appointed head of strategy, mergers and acquisitions, Stephen van Coller, said in an interview with Reuters. “That […]