Top
image: szlifestyle

Senators move to reinstate ZTE ban as Commerce waits for payment

June 12, 2018

Category:

Senators move to reinstate ZTE ban as Department of Commerce said ZTE must replace its entire board of directors within the next 30 days
Adding a new wrinkle to the ZTE saga, a bipartisan group of senators is trying to reinstate the ban on the Chinese vendor in spite of a Trump administration deal with the company. Meanwhile, the Department of Commerce says the seven-year export ban on ZTE stays in place until the firm pays a $1 billion fine and places an additional $400 million in escrow in a U.S.-approved bank.

Read More on RCR Wireless News