Wednesday, 04 July 2018 11:30

US permits ZTE to maintain networks while deal negotiated


Chinese telecommunications equipment manufacturer ZTE Corporation has been told it can carry out business which is needed to maintain its existing networks and equipment in the US as a deal is being worked out for full operations to resume.

In a notice dated 2 July, the US Department of Commerce granted the company time until 1 August to carry out these functions, Reuters reported.

In April, ZTE was hit with a seven-year ban on using American components in its products, which led the company to suspend its business in the US.

Since then, reports claim that a deal has been worked out to enable the company to get back into business and that this would involve paying a US$1 billion fine, depositing US$400 million in escrow in the case of future violations, and changing its management.

Last week, ZTE announced that it had undertaken a radical management shake-up.

Reuters said on Wednesday that the escrow agreement was still to be completed and until that happened, the US$400 million could not be deposited.

The ban was imposed because the US said ZTE had not abided by the terms of an agreement reached in 2016 after the company had been found to be flouting US sanctions on selling devices to Iran and North Korea.

The company paid a fine of US$1.2 billion for the offence, but did not discipline certain employees as it agreed to do as part of the settlement.


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Sam Varghese

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Sam Varghese has been writing for iTWire since 2006, a year after the site came into existence. For nearly a decade thereafter, he wrote mostly about free and open source software, based on his own use of this genre of software. Since May 2016, he has been writing across many areas of technology. He has been a journalist for nearly 40 years in India (Indian Express and Deccan Herald), the UAE (Khaleej Times) and Australia (Daily Commercial News (now defunct) and The Age). His personal blog is titled Irregular Expression.



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