iTnews

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 ...

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

Already have an account? Log in to read this article.

Got a news tip for our journalists? Share it with us anonymously here.
Copyright Reuters
© 2019 Thomson Reuters. Click for Restrictions.
Tags:
hardware honor huawei sale smartphone unit

Partner Content

MSI shows first laptops with Wi-Fi 6E, Nvidia RTX 30 graphics
Partner Content MSI shows first laptops with Wi-Fi 6E, Nvidia RTX 30 graphics
MSI launches innovative new laptops
Partner Content MSI launches innovative new laptops
Improving returns from SD-WAN spending
Sponsored Content Improving returns from SD-WAN spending
NCS expands into Australia in partnership with Optus Enterprise
Sponsored Content NCS expands into Australia in partnership with Optus Enterprise

Sponsored Whitepapers

The risky business of open source
The risky business of open source
Mitigating open source risk in your organisation
Mitigating open source risk in your organisation
How to choose a WAF that's right for you
How to choose a WAF that's right for you
The global telco 5G cloud gaming opportunity
The global telco 5G cloud gaming opportunity
Building a ransomware remediation backup strategy
Building a ransomware remediation backup strategy

Events

  • On-Demand Webinar: How Poly and Microsoft are Embracing Future Work Environments
By Julie Zhu
Nov 11 2020
11:43AM
0 Comments

Related Articles

  • Qualcomm receives US permission to sell 4G chips to Huawei
  • Huawei in talks to sell parts of its Honor smartphone business
  • Huawei phone prices rise in China on fears of chip shortage
  • IBM names head of new IT infrastructure services company
Share on Twitter Share on Facebook Share on LinkedIn Share on Whatsapp Email A Friend

Most Read Articles

Update Chrome or risk remote takeover, US govt warns

Update Chrome or risk remote takeover, US govt warns
Telstra pilots its first neurodiversity recruitment program

Telstra pilots its first neurodiversity recruitment program
Google unravels state-of-art Android and Windows exploit chains

Google unravels state-of-art Android and Windows exploit chains
Accellion hack behind Reserve Bank of NZ data breach

Accellion hack behind Reserve Bank of NZ data breach
You must be a registered member of iTnews to post a comment.
Log In | Register
All rights reserved. This material may not be published, broadcast, rewritten or redistributed in any form without prior authorisation.
Your use of this website constitutes acceptance of nextmedia's Privacy Policy and Terms & Conditions.