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International Business Times
International Business Times
Business

Chinese Telecom Giant ZTE Could Owe More Than $1 Billion to US Over Foreign Bribery Allegation

Chinese telecom equipment maker ZTE Corp could owe more than $1 billion to the US government over alleged foreign bribery, according to sources familiar with the matter.

The potential settlement stems from long-running investigations into the company's activities in South America and other regions.

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