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China telecom firm ZTE exits 5-year probation after US court ruling

ZTE had been accused of violating probation over an alleged conspiracy to commit visa fraud.

The logo of China's ZTE Corp is seen at the lobby of ZTE Beijing research and development center building in Beijing, China Photo: Reuters
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The logo of China's ZTE Corp is seen at the lobby of ZTE Beijing research and development center building in Beijing, China Photo: Reuters

Reuters
A U.S. judge on Tuesday ruled that China's ZTE Corp, a top telecommunications equipment maker, should be allowed to end its five-year probation from a 2017 guilty plea.

The ruling came on the final day of the company's probation for illegally shipping U.S. technology to Iran. It marks the end of a criminal case against ZTE, though it is still subject to a 2018 settlement agreement with the U.S. Commerce Department.

The company asked that trading in its shares resume at 0500 GMT in Shenzhen and Hong Kong after requesting a halt following the decision by U.S. District Judge Ed Kinkeade in

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First Published: Mar 23 2022 | 10:45 AM IST

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