Nokia Siemens to Trim Iran Ties | Finland |

The executive board of network-equipment vendor Nokia Siemens Networks said it has decided not to take on any new business in Iran and will gradually reduce its existing commitments, effective Jan. 1, 2012.
In a letter to its staff in Iran, the Helsinki-based joint venture cited toughening global sanctions against Iran, which it said "make it almost impossible for Nokia Siemens Networks to do business with Iranian customers." A copy of the letter was obtained by The Wall Street Journal