Huawei to sell budget smartphone unit for $20 billion

By on
Huawei to sell budget smartphone unit for $20 billion

All-cash sale to a consortium.

Huawei plans to sell budget-brand smartphone unit Honor in a 100 billion yuan (A$20.7 billion) deal to a consortium led by handset distributor Digital China and the government of its home town of Shenzhen, people with knowledge of the matter told Reuters. The plan comes as US restrictions on ...

Hi! You've reached one of our premium articles. This is available exclusively to subscribers.

It's free to register, and only takes a few minutes.

Once you sign up you'll have unlimited access to the full catalogue of Australia's best business IT content, as well as a daily news bulletin delivered straight to your inbox.

Register now
Got a news tip for our journalists? Share it with us anonymously here.

Most Read Articles

Log In

  |  Forgot your password?