Monday 15 October 2012

Iran blamed for ZTE's 260 PER CENT profit slump

Chinese tech giant will close loss-making offices


Under-fire Chinese telecoms kit maker ZTE has warned it will report a loss of up to 1.75bn yuan (£174m) for the first nine months of the year, blaming a slowing global economy and the Iranian market, where US investigators are probing its activities.…




via The Register - Networks

http://go.theregister.com/feed/www.theregister.co.uk/2012/10/15/zte_profit_slump_iran_warning/

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