Huawei to sell Honor smartphone unit for $15 bn to Shenzhen govt


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politics Huawei to sell Honor smartphone unit for $15 bn to Shenzhen govt By: Reuters | November 10, 2020 6:29:50 pm FILE PHOTO: A visitor to the launch of Huawei's Honor 20 range of smartphones photographs the product at an event in London, Britain, May 21, 2019. REUTERS/Peter Nicholls/File PhotoHuawei 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, peoplewith knowledge of the matter told Reuters. The plan comes as US restrictions on supplying Huawei Technologies...