US Commerce Department Agrees to Lift the Ban on ZTE

US Commerce Department Agrees to Lift the Ban on ZTE

6 years ago
Anonymous $TjsaxHwAP-

https://wccftech.com/us-commerce-department-agrees-to-lift-the-ban-on-zte/

2018 hasn’t been a particularly good year for Chinese telecommunication behemoth ZTE, who risked losing their Android license thanks to a ban imposed on them by the US Department of Commerce. Following the ban, the company tried to negotiate with the US government to get it revoked but faced stiff resistance along the way. Even direct intervention by the president didn’t do much. The ban was temporarily lifted last week to facilitate routine maintenance of equipment. They even rolled out an Android security patch for good measure.

However, it looks like their perseverance paid off and the US Department of Commerce agreed to lift the ban. ZTE agreed to pay an additional $1 Billion on top of the $900 Million they paid earlier as a part of the settlement. An additional $400 Million is to be put in an escrow, along with a complete upper management change. The US Department of Commerce further states:

Last Seen
22 minutes ago
Reputation
0
Spam
0.000
Last Seen
2 hours ago
Reputation
0
Spam
0.000
Last Seen
4 minutes ago
Reputation
0
Spam
0.000
Last Seen
2 hours ago
Reputation
0
Spam
0.000
Last Seen
about an hour ago
Reputation
0
Spam
0.000
Last Seen
22 minutes ago
Reputation
0
Spam
0.000