US government Archives - Teleco Alert

Huawei founder Mr. Ren Zhengfei reaffirm its commitment to overcome US trade crisis

On: May 28, 2019

Tagged: 5G, Huawei, trade crisis, US ban, US government

ISLAMABAD (PRESS RELEASE) In his latest meeting with the media, Huawei founder Mr. Ren Zhengfei has reiterated that the company is in a strong position to move ahead despite recent political actions in the United States. Addressing questions about the impact of the White House’s recent executive order, Ren noted:Read More →

ZTE, a net loss of CNY2.36 billion ($343 million) in 2016

On: March 25, 2017

In: Company News

Tagged: Guilty Plea, US government, US trade sanctions, ZTE

WASHINGTON ( MEDIA REPORT ) ZTE, soon after admitting violating US trade sanctions in a Texas court, confirmed it slipped to a net loss of CNY2.36 billion ($343 million) in 2016 related to fines due over the issue. The China-based equipment vendor released its 2016 annual report today, a day afterRead More →