Friday, 21 September 2018

ZTE swings to full year loss on US fine

By Nick Wood, Total Telecom
Thursday 23 March 17

Revenue inches up 1% on growth at carrier networks, consumer businesses.

As expected, ZTE on Thursday reported a full-year net loss following the $1.19 billion (€1.13 billion) fine imposed by U.S. authorities after it illegally shipped network equipment to Iran and North Korea. The Chinese kit maker reported a net loss of 2…

As expected, ZTE on Thursday reported a full-year net loss following the $1.19 billion (€1.13 billion) fine imposed by U.S. authorities after it illegally shipped network equipment to Iran and North Korea. The Chinese kit maker reported a net loss of 2…

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