Huawei plans to sell budget-brand smartphone unit Honor in a $15.2-billion deal to a consortium led by handset distributor Digital China and the government of its home town of Shenzhen, sources said.
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Huawei Technologies reported a meagre 3.7% rise in quarterly revenue on Friday, ending the double-digit growth run it enjoyed earlier this year.
Huawei Technologies is in talks with Digital China Group and other suitors to sell parts of its Honor smartphone unit in a deal that could fetch up to $3.7-billion, people with knowledge of the matter said.