U.S. publishes details of ZTE deal, ban not yet lifted

U.S. publishes details of ZTE deal, ban not yet lifted

6 years ago
Anonymous $roN-uuAfLt

https://www.reuters.com/article/us-usa-trade-china-zte/u-s-publishes-details-of-zte-deal-ban-not-yet-lifted-idUSKBN1J72GK

ZTE Corp's settlement with the U.S. Commerce Department was made public on Monday, but the ban on U.S. suppliers doing business with China's phone maker will not be lifted until the company pays $1 billion and places $400 million more in escrow in a U.S.-approved bank.