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Huawei selling off phone brand in bid to survive US sanctions

Huawei selling off phone brand in bid to survive US sanctions

Huawei is selling its budget-price Honor smartphone brand in an effort to rescue the struggling business from damaging US sanctions. The move is aimed at reviving Honor by separating it from Huawei’s network equipment and other businesses. Huawei gave no financial details but said the company will have no ownership stake once the sale is completed.

Chris
Chris
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