China's ZTE pleads guilty, settles with U.S. over Iran sales

By Karen Freifeld
NEW YORK (Reuters) – Chinese telecommunications equipment maker ZTE Corp has agreed to plead guilty and pay $892 million to settle with U.S. authorities over allegations it violated U.S. laws restricting the sale of American-made technology to Iran, the company said on Tuesday.
ZTE will plead guilty to conspiring to violate the International Emergency Economic Powers Act, among other charges, in the agreement with the U.S. Department of Commerce, Department of Treasury a