According to CNN Money, ZTE has paid the $1 billion dollar fine and will place an additional $400,000 into escrow soon.
This current payment of $1 billion is on top of the $1 billion ZTE paid last year.
Check back for more ZTE developments.
Check out my other ZTE-related blog posts:
In-depth details of the ZTE deal.
Senate passes amendment to undo Trump’s ZTE deal.
Deal reached between the US and ZTE.
ZTE facing $1.7 billion penalty?
The real reason Trump is working to reverse the 7 year ZTE ban? To help U.S. companies!
CNBC reports the US and ZTE are working on alternatives to the denial order issued against ZTE back in April of this year.
ZTE estimated to lose $3.1 billion due to US sanctions (Bloomberg).
Deal reached to allow ZTE to purchase U.S. hardware and software?
ZTE may need to change management and board in order to access US suppliers.
ZTE report to the HKEX on the impact of the US denial order: “major operating activities of the Company have ceased”.
ZTE and Huawei banned for sale to US military personnel.