Reuters exclusively reports Huawei to sell part of Honor smartphone business

Business & FinanceDealsTech

Reuters reported exclusively that Huawei Technologies Co Ltd is in talks with Digital China Group Co Ltd and other suitors to sell parts of its Honor smartphone unit in a deal that could fetch up to 25 billion yuan ($3.7 billion). Embattled Huawei is resetting its priorities due to U.S. sanctions and will focus on its higher-end Huawei phones rather than the Honor brand, which is aimed at young people and the budget conscious.

Article Tags

Topics of Interest: Business & FinanceDealsTech

Type: Reuters Best

Sectors: Equities

Regions: Asia

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

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