Friday, 19 April 2019

Tag Archives: ZTE

ZTE Corp shares surge 14 percent, forecasts Q1 rebound

HONG KONG: Shares of ZTE Corp rose as much as 14 percent after the company forecast a first quarter profit of up to 1.2 billion yuan ($178.18 million) as it recovers from U.S. sanctions. The Chinese telecommunications equipment maker said in filings late on Wednesday it expected to make a ...

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New Zealand blocks Huawei, in blow to Chinese telecom giant

NEW YORK TIMES: New Zealand has blocked Huawei from supplying technology for a next-generation mobile data network in the country, joining the United States and other developed countries that see the Chinese telecommunications equipment maker as a security threat. New Zealand’s intelligence agency rejected a proposal from Spark, one of ...

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US lifts ban on suppliers selling to China’s ZTE

REUTERS: The U.S. Department of Commerce lifted a ban on U.S. companies selling goods to ZTE Corp, allowing China’s second-largest telecommunications equipment maker to resume business. The Commerce Department removed the ban shortly after ZTE deposited US$400 million in a U.S. bank escrow account as part of a settlement reached ...

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ZTE has few cards left to play to avoid ‘death penalty’

NEW YORK: It’s not every day you see a company that employs 75,000 and once had a market cap of $20 billion facing instant doom on an hour-by-hour basis. But that’s the situation that Chinese telecom firm ZTE finds itself in right now. Following revelations that the company sold equipment ...

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ZTE ends ‘major operations’ after US export ban

NEW YORK/BEIJING: ZTE, one of China’s leading technology companies, has announced it will end “major operations,” after the U.S. government barred American firms from doing business with the telecom equipment maker. The announcement by the fourth-largest wireless equipment maker in the country comes amid an escalating trade battle between the ...

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UK Spy Agency Claims China’s ZTE “Poses Risk to UK Security”

LONDON: UK government agency The National Cyber Security Centre (NCSC) told the country’s telecommunications providers ZTE equipment presented a national security risk, which would be “impossible” to manage if the vendor’s equipment was deployed at scale, Financial Times reported. In a letter to operators, NCSC technical director Ian Levy cited ...

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