Summary Bullets:
- After paying a $1 billion penalty, establishing a $400 million escrow account, appointing a new board, a new CEO, and a new slate of other executive leaders, ZTE has now begun the process of resuming normal operations as soon as possible.
- With a lengthy ten-year probationary period now underway, ZTE must convey to the market that it is a committed and trustworthy partner in order to thrive in the emerging 5G era.
ZTE began its second phase of life – the “after” phase – over the weekend after receiving final clearance from the U.S. Department of Commerce’s Bureau of Industry & Security (BIS) officially removing ZTE from the “Denied Persons List.” The resolution brings to an end a three-month shutdown since the BIS imposed sanctions on ZTE in April for not complying with terms of a settlement reached with the BIS in March 2017. Continue reading “ZTE Back in Business, but Not “Business as Usual””