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Ban on US suppliers doing business with ZTE will not be lifted

Corp's settlement with the US Commerce Department was made public on Monday.


Reuters Last Updated at 12-06-2018 01:24:53 IST China, United States
Ban on US suppliers doing business with ZTE will not be lifted
  • Ban will not be lifted until the company pays USD 1 billion. (Image Credit: Twitter)

ZTE Corp's settlement with the US Commerce Department was made public on Monday, but the ban on US suppliers doing business with China's phone maker will not be lifted until the company pays USD 1 billion and places USD 400 million more in escrow in a US-approved bank.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

COUNTRY :
China United States

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