ZTE will pay more than a billion dollars to US

washington - Chinese telecom company ZTE has lawsuits in the United States for more than a billion dollars. the Chinese were prosecuted because they had violated the prohibition of trade with Iran.

In total, ZTE will pay 892 million dollars, about 843 million euros in fines. In addition, a conditional fine of $ 300 million, about 284 million, agreed. Levied if ZTE does not comply with the rules of the settlement.

Exports from the US to ZTE were stopped in March because the company would resell the products to Iran. After it went with the US justice sales were resumed company established in Shenzhen in conversation. According to Bloomberg buys ZTE in the US parts to include Qualcomm and Micron Technology.

ZTE makes network equipment that is required to set up a mobile network, as well as mobile phones and everything in between.