Huawei to sell smartphone unit for $15b to Shenzhen govt, Digital China, others

Huawei to sell smartphone unit for $15b to Shenzhen govt, Digital China, others

REUTERS/Hannibal Hanschke/Files

Huawei plans to sell budget-brand smartphone unit Honor in a 100 billion yuan ($15.2 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.