ZTE Asks U.S. Commerce Department to Overturn Seven-Year Ban

China’s ZTE Corp. has submitted an application to the U.S. Commerce Department’s Bureau of Industry and Security (BIS) for the suspension of a business ban, it said in a filing to the Shenzhen stock exchange. Washington imposed a seven-year ban on U.S. companies selling components and software to ZTE last month after finding that the Chinese telecoms company breached U.S. sanctions on Iran.