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ZTE overhauls board and seeks finance as it returns to business

One year ago   |   By Tech Radar

ZTE has proposed a new financing plan worth $10.7 billion and nominated eight new board members as it seeks to comply with an agreement reached with the US government that will allow it to return to business. The company had been banned from obtaining products and services from US suppliers after it breached a previous agreement reached for illegally shipping products to North Korea and Iran. This led it to suspend operations and admit that its survival was at risk.
ZTE business deal
However, US President Trump intervened with a new deal, which will see ZTE pay a $1 billion fine, change...
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