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US lifts ban on sales to ZTE after USD 1.4 bln in fines

2018-07-16 08:48:00| Telecompaper Headlines

(Telecompaper) ZTE has resumed operations after the US government lifted a ban on sales to the Chinese company. ZTE paid a USD 1 billion fine last month and deposited another USD 400 million in escrow, the Department of Commerce confirmed, in order to put an end to the order denying US companies to sell to the company. 

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