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Huawei to sell its budget smartphone brand Honor unit for over $15bn

Huawei to sell its budget smartphone brand Honor unit for over $15bn

Huawei budget smartphone brand Honor, is reportedly to sell its unit to a Chinese-based consortium led by distributor Digital China and local Shenzhen govt for $15.2bn. As per Reuters, the all-cash sale will cover all Honor assets, including brand name, R&D capabilities, and supply chain management. Huawei created Honor in 2013 to increase its presence in low- to mid-range smartphone market.

Milan
Milan
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