Saturday, August 31, 2013

ZTE Quadruples Lobbying After U.S. House Blacklisting $VRNG $NOK

ZTE Quadruples Lobbying After U.S. House Blacklisting $VRNG $NOK

ZTE Corp. (000063) more than quadrupled its spending on lobbying after a House report warned that the telecommunications company’s products may help the Chinese government spy on the U.S.
China’s second-largest phone-equipment maker reported spending $330,000 to lobby Congress in the first six months of this year -- the most since it began lobbying in 2009, Senate records show. That compared with $80,000 during the same period a year earlier, according to company filings.

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