China’s ZTE, Saved by U.S., Has a Checkered Past and Shaky Future [The New York Times]
CHINA MOBILE (CHL)
US:NYSE Investor Relations:
chinamobileltd.com/en/ir/reports.php
Company Research
Source: The New York Times
Image The Chinese telecommunications company ZTE got into trouble with the United States Department of Commerce for violations of trade controls on Iran and North Korea. Credit Gilles Sabrié for The New York Times By Raymond Zhong June 8, 2018 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. Banned from buying American-made components for the past two months, it halted operations and will now have to mend relations with customers. It will also need to confront deeper questions about its way of doing business, which has left a trail of accusations of bribery, overbilling and rule-breaking. “Even with the ban lifted, operators will think twice about bringing them in, no matter w
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