Visitors pass in front of the ZTE Corp booth at the Mobile World Congress in Barcelona, Spain, in February. Photo: Reuters
ZTE signs US agreement in principle to pay US$1.4 billion to lift sanctions and go back into business
The deal includes a US$1 billion fine against ZTE plus US$400 million in escrow in the event of future violations, sources said; including the US$361 million already paid, the final total could be US1.4 billion
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Visitors pass in front of the ZTE Corp booth at the Mobile World Congress in Barcelona, Spain, in February. Photo: Reuters