
ZTE confirmed that it has resumed business operations following the lifting of the export ban of U.S. components and technology to the company imposed by the U.S. Department of Commerce.
ZTE paid US$1.0 billion in civil monetary penalties to the U.S. and placed an additional US$0.4 billion in escrow as a suspended penalty.
ZTE reported a preliminary loss of between RMB 7 billion (US$1.06 billion) to RMB 9 billion (US$1.345 billion) for the first...