Huawei to sell budget smartphone unit for $20 billion

By Julie Zhu on Nov 11, 2020 11:43AM

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 ...

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