Thursday, 20 January 2022

Huawei reportedly selling Honor for £11.5 bn

by Harry Baldock, Total Telecom
Tuesday 10 November 20

The Chinese vendor’s smartphone business will be purchased by a consortium led by Digital China and the Shenzhen government

Back in October, rumours began to fly that Huawei was looking to offload its smartphone business unit Honor for around 25 billion yuan (£2.9 billion). Today, reports suggest that a Chinese consortium may in fact pay around three times as much for the business, with estimates as high as 100 billion yaun (£11.5 billion).   Huawei first launched Honor back in 2013 as something of a budget smartphone range…

Back in October, rumours began to fly that Huawei was looking to offload its smartphone business unit Honor for around 25 billion yuan (£2.9 billion). Today, reports suggest that a Chinese consortium may in fact pay around three times as much for the business, with estimates as high as 100 billion yaun (£11.5 billion).   Huawei first launched Honor back in 2013 as something of a budget smartphone range…

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