The United States relaxed the restrictions too late, ZTE lost 600 million euros

On July 4th, the U.S. ban on ZTE was untied. Recently, ZTE, which is in dire straits, can finally breathe a sigh of relief. However, the relaxation of the restraining order is still too late. Huawei originally wanted to compete for an Italian contract. The contract is worth 600 million euros. Finally, it was because of the restrictions.

ZTE originally wanted to bid for Wind Tre SpA's single contract, which was worth 600 million euros. However, due to the seven-year restrictions imposed by the US on ZTE, this big order eventually fell into the hands of Ericsson. Currently Ericsson and Wind The representative of Tre SpA declined to comment on the Italian transaction.

Since the ban was imposed, ZTE’s business has been stagnant for several months, and its share price has fallen by 57%. In addition to the ban, the loss of the Maxell patent litigation has made ZTE’s current situation worse. This single 600 million euro order, Originally, ZTE could be relieved a bit, but it was helpless to limit the influence of the order.