NEC to Reenter Iran's Telecom Sector
Economy, Sci & Tech

NEC to Reenter Iran's Telecom Sector

Japan's Nippon Electric Company, one of the largest electrical firms in the East Asian country, has said it will enter the country's telecoms sector, according to a new report out this week.
Japan's Foreign Minister Fumio Kishida made the announcement about his country's leading electronic company in a meeting with his Iranian counterpart, Mohammad Javad Zarif, this week, ICTNA reported.
Kishida mentioned that Japanese companies are looking to reenter the Iranian market with force, after being absent for over a decade.
In recent months, other large telecommunication firms, including Nokia, Siemens and Ericsson, have also signaled their interest in reentering the Iranian market.
NEC also faces increased competition in this sector from newer entrants like Huawei Electronics, which has signed dozens of contracts with local operators.  
The multinational company is active in the fields of information technology, telecoms infrastructure and consumer electronics like cellphones. However, it has moved away from this sector in recent times, as margins shrink due to increased competition from low-cost Chinese handset producers.  


Short URL : https://goo.gl/4aerTn
  1. https://goo.gl/gqAwjF
  • https://goo.gl/CToVlP
  • https://goo.gl/0ALm1I
  • https://goo.gl/zNohL3
  • https://goo.gl/9iJVKM

You can also read ...

NASA Seeks Help to Check Satellites
NASA is asking all cloud gazers to snap photos of the sky and...
Alcatel’s Android Go Cellphone in the Offing
Two of the phones Alcatel revealed last month will be coming...
Iran has signed a contract with China Railway Group Limited in 2015 to build a 415-km (260-mile) high-speed north-south rail line between Tehran and Isfahan via Qom.
The Economy Ministry sold 2 trillion rials ($41.6 million) of...
Trade With Afghanistan Tops $2b
Iran and Afghanistan exchanged 5.32 million tons of non-oil...
Banque Delubac Ready to Service Iranian Businesses
Executives with Banque Delubac and Cie, an independent French...
IKCO Sells Majority Stake in Subsidiary
Iran Khodro has sold a 50.2% stake worth 720 billion rials ($...
Checks Valued at $15 Billion Exchanged in 1 Month
The Central Bank of Iran has disclosed the latest statistics...
Banks Faring Well
The Iranian Association of Private Banks and Credit ...