ZTE lost 700 million contracts with Italy due to sanctions | Wind Tre New Tang Dynasty TV



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[New Dynastie Tang, Beijing, 4 juillet 2018] Although the Trump administration has agreed to temporarily lift the ZTE ban, ZTE lost an agreement with the largest Italian mobile operator, Wind, because it was forbidden to do so. buy American technology. Tre SpA's $ 700 million contract.

The US Department of Commerce recently authorized ZTE to temporarily conduct limited activities in the United States between July 2 and August 1. According to informed sources, it is expected that ZTE will complete US demand by 1 August.

However, according to Bloomberg News, although the US government temporarily relaxed the ZTE ban, it still could not win ZTE the wireless equipment supply contract for the first time. Italy Wind Tre SpA.

The newspaper quoted an unnamed insider saying that ZTE had lost the case because it had been forbidden him to buy American technology.

Two years ago, ZTE first won the $ 1 billion deal to manage the mobile network in Italy for Wind Tre. However, ZTE was banned by the US government for violating the agreement between Iran and North Korea and banned ZTE from buying US technology and chips. Wind Tre transferred 60% of the contract to Ericsson in Sweden.

At present, Ericsson has won the contract valued at 700 million US dollars (contract of 600 million euros) and has secured a multi-year agreement for the supply of & # 39; 39 wireless devices for about 60% of Wind Tre's Italian mobile network.

Ericsson requested that the above information not be disclosed as it has not been officially announced. Wind Tre also said that the contract will not be commented.

ZTE was sanctioned by the US Department of Commerce in mid-April this year, banning the purchase of high-tech parts and US services for seven years. According to the report, ZTE was in a state of shock for nearly three months after being banned, and suffered losses of $ 3 billion.

In early June, the Trump administration and China reached an agreement that if ZTE pays a fine of $ 1 billion, reorganizes its management and incorporates a compliance team, it can lift the company. ZTE ban. However, bipartisan US lawmakers insist that ZTE should be more severely punished for posing a threat to national security in the United States.

At the end of June, the Senate pbaded the National Defense Authorization Act (NDAA) with a vote of 85 to 10. The bill contained a severe punishment against ZTE and the President. Trump. Agree to release the additional terms of ZTE.

A familiar source with the inside has revealed to the Hong Kong media that the premise that Congress agrees that ZTE will continue to operate is that the use of ZTE products can be severely restricted in terms of security American national.

In addition, MPs' terms include: banning US government agencies from purchasing ZTE products, prohibiting ZTE from selling software and hardware in the US that could be used in "technology and infrastructure critical ". These key areas will be determined by the Foreign Investment Risk Modernization (FIPA) Modernization Act.

If the White House and Congress can reach this agreement, then both parties will end up in a few months on how to punish the differences on ZTE.

(Reporter Xiao Jing full report / responsible editor: Ming Xuan)

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