But ZTE is expected to plead guilty to conspiring to violate the International Emergency Economic Powers Act, among other charges, the source said, and pay penalties in the hundreds of millions. A ZTE spokesman did not respond to requests for comment. ZTE acted contrary to U.S. national security or foreign policy interests, the Commerce Department said at the time. The last extension, a ZTE spokesman told Reuters in an email last week, was "a sign of the progress" made. The ZTE filing said it was negotiating with the U.S. Commerce, Treasury and Justice departments to conclude the investigation.

Source: dna March 02, 2017 17:03 UTC