China's ZTE, Saved by U.S., Has a Checkered Past and Shaky Future [telecom]
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.
Posted 5 years ago by Monty Solomon in General Telecommunications Forum
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