ZTE Will Go All Out to Regain Lost Ground, Letter to Partners Pledges(Yicai Global) July 16 -- Chinese telecom titan ZTE will muster all its resources and spare no efforts to advance again after the US commerce department lifted its export ban, the company pledged in a letter to its partners and suppliers yesterday, online news portal tech.sina reported.
The US Bureau of Industry and Security under the commerce department lifted the denial order on July 13 that it imposed April 15 over the firm's non-compliance with earlier penalties for violating sanctions against Iran and North Korea, and removed the firm from its blacklist, the company said. ZTE is thus finally able to stir again after a three-month corporate coma.
ZTE has asked staff to work overtime weekends starting from July 14 -- when it resumed its operations -- to safeguard the interests of its suppliers and partners.
It will fully restart all activities it suspended or failed to carry out when the denial order was in effect, and will determine the priority of projects, develop and implement detailed plans, and concentrate all available supplies to complete cooperative activities delayed by the denial order.
ZTE will start over with full confidence on July 14, it said on its official microblog. A notice board in its Shenzhen, Guangdong province headquarters displayed the slogan: "Recall our painful experience and continue our journey."
Editor: Ben Armour
