Visitors pass in front of the ZTE Corp booth at the Mobile World Congress in Barcelona, Spain, in February. Photo: Reuters
Visitors pass in front of the ZTE Corp booth at the Mobile World Congress in Barcelona, Spain, in February. Photo: Reuters
ZTE

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

Visitors pass in front of the ZTE Corp booth at the Mobile World Congress in Barcelona, Spain, in February. Photo: Reuters
Visitors pass in front of the ZTE Corp booth at the Mobile World Congress in Barcelona, Spain, in February. Photo: Reuters
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