ZTE expects $1bn of losses following turbulent year
Chinese telecoms vendor ZTE is expecting to post a loss of $1bn (£780m) following a turbulent year which led to a temporary suspension of its operations.
It’s fair to say ZTE will be looking to put 2018 behind it after being forced to suspend its operations following a ban in the US. The ban has since been lifted, but not before paying a huge fine.
The ban was implemented after ZTE was found to break US economic sanctions banning the sale of equipment to North Korea and Iran. ZTE estimated the...