ZTE hands over a billion bucks to settle US export sanctions violations

Chinese kit vendor ZTE has settled with US authorities to the tune of over a billion dollars as a result of violating trade sanctions with Iran and North Korea.
Telecoms.com first reported on this exactly a year ago, following a Reuters report. The news agency noted ZTE was accused of enabling the shipment of some US-made telecoms kit to Iran, in spite of a US embargo on doing just that. Reuters had first reported on the matter back in 2012.
As a result ZTE was threatened with a trade embargo by