China telco major Huawei has decided to restrict its business development in Iran due to the increasingly complex situation. It will   no longer seek new customers and limiting its business activities with existing customers.

For communications networks that have been delivered or are under delivery to customers, the company will continue to provide necessary services to ensure communications for Iran's citizens,

“Huawei is committed to providing telecommunications functions that are in line with our vision "to enrich life through communication", it said in a statement.