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China's ZTE apologizes after paying 'disastrous price' in US sanction case

Updated : June 08, 2018 08:34 PM IST

The deal allows China’s second-largest telecoms equipment firm to restart operations, reaffirm supplier relationships and rebuild trust with global clients, as it works to move on from an episode which it said threatened its very existence.
The company agreed on Thursday to pay the fine and overhaul its leadership to lift the ban which has been in place since April.
China's ZTE apologizes after paying 'disastrous price' in US sanction case

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