ZTE chairman apologizes after agreeing to pay $1 billion fine to US

ZTE chairman apologizes after agreeing to pay $1 billion fine to US

6 years ago
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https://www.cnet.com/news/zte-chairman-apologizes-after-agreeing-to-pay-1-billion-fine-to-us/

ZTE's chairman apologized to staff and customers in a memo on Friday after the Chinese Telecom giant made a deal to pay $1 billion to the US.

The deal, which was made to have a US ban lifted, requires the company to overhaul its management and allow a US-chosen compliance team to be installed for 10 years.