NEW YORK, March 7 (Reuters) - China telecom equipment maker
ZTE Corp has agreed to pay more than $800 million to
settle with U.S. authorities over allegations it violated U.S.
laws restricting the sale of American-made technology to Iran,
according to a person familiar with the matter.
The U.S. Department of Commerce is expected to announce the
agreement on Tuesday, the person said. The person did not want
to be identified because the settlement is not yet public.
(Reporting By Karen Freifeld; Editing by Chizu Nomiyama)