The company logo of ZTE is seen through a wooden fence on a glass door during the company's 15th anniversary celebration in Beijing in 2013. The company has agreed to pay a record fine to the US for violating sanctions against Iran and North Korea. Photo: Reuters

ZTE to pay record US$1.2 billion fine for violating Iran, North Korea sanctions

ZTE’s shares jumped by the most in 19 months, amid optimism that the settlement could remove a US exports ban of components and chips vital to ZTE’s telecommunications products.

Topic |   ZTE

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The company logo of ZTE is seen through a wooden fence on a glass door during the company's 15th anniversary celebration in Beijing in 2013. The company has agreed to pay a record fine to the US for violating sanctions against Iran and North Korea. Photo: Reuters
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