China's ZTE estimates at least $3.1 billion loss from US sanctions
The report also said the company is hopeful to remove the ban soon
The logo of China's ZTE is seen on a building in Nanjing, Jiangsu province, China April 19, 2018. Picture taken April 19, 2018.
PHOTO: REUTERS
China’s ZTE may lose Android license
The report also said ZTE is hopeful that the United States and China will be able to soon reach a deal that would remove the ban and has a plan in place allowing the telecoms firm to “swing idled factories into action within hours” of the ban being officially lifted.
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