China's ZTE, Saved by U.S., Has a Checkered Past and Shaky Future [telecom]

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As the telecom company expanded internationally, it was trailed by
corruption accusations. Then it got in trouble with Washington over
its Iran business.

By Raymond Zhong

BEIJING - The Chinese electronics maker ZTE has survived its brush
with death. Now it has to figure out how to stay in business.

With this week's deal to replace near-fatal American sanctions on the
telecommunications giant with a $1 billion fine, the company will be
able to get back to making smartphones and network equipment. Barred
from buying American-made components for the past two months, it
halted operations and will now have to mend relations with customers.

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