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U.S. agrees to lift ban on ZTE after signing escrow agreement

2 monthes ago   |   By Phone Arena

ZTE is very close to being able to continue to do business in the United States after months of negotiations with the government. Although the Chinese company will be the subject of draconian measures from the Commerce Department, ZTE is willing to meet all demands just to be able to be present on the U.S. market.
A new report by Bloomberg states that ZTE has taken another important step toward lifting the U.S. ban on the Chinese company doing business with local suppliers. Apparently, ZTE has just signed an escrow agreement with the Commerce Department, which will allow the company to...
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ZTE signs deal with US to lift trade restrictions w/ $400 million escrow payment & monitor

ZTE signs deal with US to lift trade restrictions w/ $400 million escrow payment & monitor

2 monthes ago   |   By 9to5Google

It finally might be over... soon. ZTE has been through a lot in the past several weeks following a severe ban on using products from the United States , but now a deal has finally been signed.
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US Moves One Step Closer To Lifting ZTE's Ban

US Moves One Step Closer To Lifting ZTE's Ban

2 monthes ago   |   By Android Headlines

The US Commerce Department has been working closely with ZTE to help lift the ban that was placed on the company a few months ago. ZTE was initially banned from doing business in the US and using US technologies for seven years. But the US government has been working with the company to right its wrongs and lift this ban. Now the US is one step closer to lifting the ban, as the Commerce Department has signed an escrow agreement, which means the last step is for ZTE to deposit a $400 million into an escrow account. Afterwards, the ban on ZTE in the US will be lifted, according to the...
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