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US allows ZTE to do business till it fulfils riders for lifting of ban

ZTE also announced the departure of a senior executive in a stock exchange filing

Reuters  |  New York/Hong Kong 

China's embattled ZTE Corp has received a temporary reprieve from the US government to conduct business needed to maintain existing networks and equipment as it works toward the lifting of a US supplier ban. ZTE, which makes smartphones and networking gear, was forced to cease major operations in April after the United States slapped it with a supplier ban, saying it broke an agreement to discipline executives who conspired to evade US sanctions on Iran and North Korea. The authorisation seen by Reuters from the US Commerce Department's Bureau of Industry and Services ...

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First Published: Wed, July 04 2018. 11:57 IST