BRIEF-ZTE Corp says reaches settlement with U.S. authorities

March 7 (Reuters) - ZTE Corp:

* ZTE Corporation reaches settlement with U.S. Authorities

* ZTE has agreed to a criminal and civil penalty of $892.36

million

* BIS to recommend ZTE be removed from entity list,

conditioned on court approval of DOJ agreement, entry of plea,

issuance of BIS’s settlement order

* Agreed to additional penalty of $300 million to BIS that

will be suspended during 7-year term based on certain conditions

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