• Fri, Jan. 6, 12:14 PM
    • Telecom equipment maker ZTE (OTCPK:ZTCOY -3%) is set to cut about 3,000 jobs ahead of possible U.S. sanctions, Reuters reports.
    • The cuts would included some 600 jobs in its global handset operations, concentrated on a struggling unit in China, where a fifth of positions are set to be axed: "Cuts in the handset business in China will be beyond 20 percent," a source told Reuters.
    • Another manager said that a list of names who had tried to apply to rival Huawei was circulated for likely cuts.
    • With a 10% market share (fourth-largest), ZTE is the only Chinese smartphone maker with a meaningful presence in the United States.
    • Sanctions (related to Iran sales) set to come into effect at the end of February could cripple ZTE's supply chain, with restrictions on component exports from Qualcomm, Microsoft and Intel.
    Fri, Jan. 6, 12:14 PM
  • Nov. 18, 2016, 7:42 AM
    • ZTE Corp (OTCPK:ZTCOY) has won a further reprieve to Feb. 27 on export restrictions that were imposed on the company by the U.S.
    • In March, the Commerce Department hit ZTE with some of the toughest-ever U.S. export restrictions for allegedly breaking sanctions against Iran.
    Nov. 18, 2016, 7:42 AM
  • Sep. 14, 2016, 10:02 AM
    • Key telecom patent holders are joining forces, creating a one-stop shop for companies that need to license technology in building a connected future ranging from the "Internet of Things" to connected cars.
    • A newly formed company, Avanci, incorporates patents of partner firms including Qualcomm (NASDAQ:QCOM), Ericsson (NASDAQ:ERIC), ZTE (OTCPK:ZTCOY) and Royal KPN (OTCPK:KKPNY). It will offer flat-rate licenses for patents in 2G, 3G and 4G technology that will vary based on the "value the technology brings to the device."
    • Such a setup will let those building connected cars, or smart meters and thermostats, quickly settle licensing around required patents without wading into complicated negotiations with several parties. For the telecoms, it means more and easier licensing opportunities beyond phones and tablets.
    • Kasim Alfalahi had left Ericsson to found the new group.
    Sep. 14, 2016, 10:02 AM | 6 Comments
  • Aug. 19, 2016, 4:46 AM
    • The U.S. has extended a lifting of sanctions against ZTE Corp. (OTCPK:ZTCOY) for the second time, as the Chinese maker of telecommunications equipment works to repair its reputation after allegedly violating trade rules with Iran.
    • The Commerce Department said its temporary sanctions relief will be extended to Nov. 28, which will allow ZTE to continue working with American suppliers.
    Aug. 19, 2016, 4:46 AM
  • Jun. 28, 2016, 3:58 AM
    • The U.S. Commerce Department has extended the temporary lifting of sanctions on ZTE Corp. (OTCPK:ZTCOY) through Aug. 30, as the Chinese maker of telecom equipment tries to rebuild its reputation after allegedly breaking sanctions against Iran.
    • The extension of temporary relief is good news for ZTE, which has been scrambling to cope with the potential damage on its global operations and brand image.
    Jun. 28, 2016, 3:58 AM
  • May 27, 2016, 4:20 PM
    • Fresh off the launch of a new flagship handset, ZTE (OTCPK:ZTCOY +4.5%) is planning to give a boost to its smartphone sales by opening retail operations.
    • The company will open 20 stores in major Chinese cities as well as getting a toehold in other countries with a store each in Germany, Russia and Mexico.
    • It's the sixth-largest smartphone maker and China's second-largest maker of networking gear, according to Bloomberg. It rolled out its AXON 7 smartphone yesterday.
    May 27, 2016, 4:20 PM | 1 Comment
  • Apr. 28, 2016, 8:19 AM
    • Zte (OTCPK:ZTCOF): Q1 EPS of RMB0.23
    • Revenue of RMB21.86B (+4.09% Y/Y)
    Apr. 28, 2016, 8:19 AM
  • Apr. 7, 2016, 3:28 AM
    • ZTE Corp. (OTCPK:ZTCOY) plunged 10% in Hong Kong overnight, as shares in the telecom equipment maker resumed trading following a month-long suspension.
    • The company has been rattled by U.S. investigations into its possible violation of export controls, and has called the outcomes of the probes "highly uncertain."
    • Earlier this week, ZTE named a new management team in an apparent effort to turn the page on the affair.
    Apr. 7, 2016, 3:28 AM
  • Apr. 6, 2016, 10:10 AM
    • Zte (OTCPK:ZTCOF): FY15 EPS of RMB0.78.
    • Revenue of RMB100.19B (+23% Y/Y)
    Apr. 6, 2016, 10:10 AM
  • Apr. 5, 2016, 6:30 AM
    • Just weeks after the U.S. government imposed tough export sanctions on the Chinese telecom equipment maker, ZTE Corp. (OTCPK:ZTCOY) has executed a "routine management reshuffle."
    • Current CTO Zhao Xianming was named as the company's new President, while other top brass were dropped from the executive vice president list.
    • The company shakes up management every three years, but the number of high-level changes were likely related to the U.S. export restrictions.
    Apr. 5, 2016, 6:30 AM
  • Apr. 3, 2016, 9:16 AM
    • China's ZTE Corp.'s (OTCPK:ZTCOY) board will meet early next week to replace three of its most senior executives, in an apparent bid to see U.S. restrictions on its business lifted after it was accused of violating sanctions against Iran.
    • Chief Executive Shi Lirong and executive vice presidents Tian Wenguo and Qiu Weizhao will step down, with Chief Technology Officer Zhao Xianming expected to assume the role of CEO and chairman.
    • Previously: China's ZTE gets temporary reprieve on export curbs (Mar. 23 2016)
    Apr. 3, 2016, 9:16 AM
  • Mar. 23, 2016, 3:44 AM
    • The U.S. Commerce Department is giving Chinese telecom equipment and smartphone maker ZTE Corp. (OTCPK:ZTCOY) a three-month reprieve on the tough export restrictions it imposed earlier this month after allegedly breaking sanctions against Iran.
    • The easing, which will suspend the penalties as of Thursday, could be extended provided that ZTE is timely in performing undertakings and cooperates with the U.S. government in "resolving the matter."
    • Previously: U.S. to provide ZTE with temporary export curb relief (Mar. 21 2016)
    Mar. 23, 2016, 3:44 AM | 1 Comment
  • Mar. 21, 2016, 2:31 AM
    • The U.S. government plans to temporarily lift trade sanctions against China's ZTE Corp. (OTCPK:ZTCOY), easing a source of tension between Washington and Beijing.
    • Details of the commitments are expected to be published this week in the Federal Register.
    • The U.S. slapped trade sanctions on the telecommunications supplier earlier this month, citing evidence ZTE violated sanctions on exporting American technological goods to Iran and other nations.
    • Previously: China's ZTE delays annual results (Mar. 17 2016)
    • Previously: ZTE said to appeal U.S. export ban (Mar. 16 2016)
    Mar. 21, 2016, 2:31 AM
  • Mar. 17, 2016, 8:51 AM
    • China's ZTE Corp. (OTCPK:ZTCOY) is delaying the publication of its annual results because it needs to assess the impact of tough U.S. export restrictions imposed on the telecom equipment maker last week.
    • The company's board meeting will also be postponed, while its Hong Kong-listed shares continue to be suspended.
    • Previously: ZTE said to appeal U.S. export ban (Mar. 16 2016)
    Mar. 17, 2016, 8:51 AM
  • Mar. 16, 2016, 4:59 AM
    • China's ZTE Corp. (OTCPK:ZTCOY) is likely to appeal tough U.S. export restrictions for alleged Iran sanctions violations, after the telecom equipment maker's costly lobbying effort failed to allay concerns about its business.
    • The Commerce Department last week banned U.S. manufacturers from selling components to the company, a move that could disrupt its global supply chain and create substantial parts shortages.
    • Trading in ZTE shares has been halted since March 7 in Hong Kong and Shenzhen.
    Mar. 16, 2016, 4:59 AM
  • Mar. 8, 2016, 3:09 AM
    • China's ZTE Corp. (OTCPK:ZTCOY) is an unfamiliar name to many American consumers, but it is well known among U.S. technology vendors, who face a sudden roadblock in selling to the big customer.
    • On Monday, the U.S. imposed export restrictions on the telecoms equipment maker over an alleged scheme to re-export controlled items to Iran.
    • While ZTE isn't big enough that its loss would be a major financial blow to U.S. businesses, the big worry is about a possible backlash from China that could squelch demand for foreign components there.
    • Previously: ZTE shares suspended amid U.S. probe (Mar. 07 2016)
    Mar. 8, 2016, 3:09 AM