ZTE might already be feeling heat from Congressional suspicions, but the company could soon take a more direct hit to the pocketbook. Cisco has reportedly dropped an already rocky seven-year deal with ZTE after it learned that the Chinese firm had been selling Cisco's networking gear to the Telecommunication Company of Iran as recently as July of last year. Being implicated in an end-run around US trade sanctions isn't great for business, as you'd imagine.
Engadget , Cisco reportedly drops sales pact with ZTE after claims of roundabout Iran dealings, Cisco reportedly drops sales pact with ZTE after claims of roundabout Iran dealings
