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ZTE Agree to Pay U.S. $892 Million Over Iran Charges

3/9/2017 02:15 PM EST
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emesdoublee
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Yes, ZTE pays
emesdoublee   3/10/2017 12:21:34 PM
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This is 1.19 Billion in total with 300 million suspended. Yes! ZTE pays the biggest fine ever.

https://www.commerce.gov/news/press-releases/2017/03/secretary-commerce-wilbur-l-ross-jr-announces-119-billion-penalty

Don't mess around with export restrictions. That is the lesson. ZTE got scared big time once they got put on the entity list.

 

SMT06482
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ZTE Agree to Pay U.S. $892 Billion Over Iran Charges
SMT06482   3/9/2017 4:44:52 PM
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Chinese telecommunications giant ZTE Corp. has agreed to pay more than $892 million?

Whatever the amount is this is good news.

paul.jhnson
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Tip of the iceberg
paul.jhnson   3/9/2017 4:31:15 PM
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Tip of the iceberg

zmathai2009
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It is $892 Million ...not Billion
zmathai2009   3/9/2017 3:55:27 PM
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Title says $892 Billion.... but inside text says $892 Million. One of them is wrong.

I wonder how it passed the proof reading stage

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