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U.S. agrees to lift ban on ZTE after signing escrow agreement

ZTE is very close to being able to continue to do business in the United States after months of negotiations with the government. Although the Chinese company will be the subject of draconian measures from the Commerce Department, ZTE is willing to meet all demands just to be able to be present on the U.S. market.

A new report by Bloomberg states that ZTE has taken another important step toward lifting the U.S. ban on the Chinese company doing business with local suppliers. Apparently, ZTE has just signed an escrow agreement with the Commerce Department, which will allow the company to once …

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