Huawei to sell budget smartphone unit for $20 billion

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All-cash sale to a consortium.

Huawei to sell budget smartphone unit for $20 billion
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 ...

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