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US to Lift Sanctions Against ZTE (After it Pays $1.4B)

2018-06-07 22:18:21| PC Magazine Security Product Guide

ZTE will pay the US government a $1.4 billion penalty and replace the company's leadership with a new team, but the deal has angered some US lawmakers.

Tags: pays lift sanctions 14b

 

US to Lift Sanctions Against ZTE (After it Pays $1.4B)

2018-06-07 22:18:20| PC Magazine Cell Phones Product Guide

ZTE will pay the US government a $1.4 billion penalty and replace the company's leadership with a new team, but the deal has angered some US lawmakers.

Tags: pays lift sanctions 14b

 
 

ZTE agrees to pay US govt USD 1 bln in exchange for end to sanctions

2018-06-07 17:53:00| Telecompaper Headlines

(Telecompaper) ZTE has agreed pay a penalty of USD 1 billion to end the US commerce department's 7-year ban on buying from US suppliers, CNBC reported, citing a statement from Commerce Secretary Wilbur Ross. Under the deal struck with the US, ZTE will have to pay the fine and have a US-chosen compliance team embedded at the company. The company will pay for the team. The deal also requires ZTE to change its board of directors and executive team within 30 days.

Tags: to end pay exchange

 

US reaches deal with China's ZTE, says Wilbur Ross

2018-06-07 14:38:42| BBC News | Business | UK Edition

The deal will lift the ban on ZTE buying goods from US suppliers, the US Commerce Secretary says.

Tags: deal ross reaches wilbur

 

ZTE signs preliminary agreement with US to overturn banning order

2018-06-07 02:00:00| Total Telecom industry news

ZTE has taken a huge step towards securing its own future, by signing a preliminary agreement with the US last night. Ultimately, the agreement will overturn a previous banning order that precluded ZTE from doing business with any US firm…read more on TotalTele.com »

Tags: order agreement signs preliminary

 

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