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Huawei is negotiating the sale of parts of Honor’s smartphone business



Last week, an analyst said Huawei was considering selling its Honor business. Huawei employees took it to Weibo to refute the claims and the story was even withdrawn.

A new report from Reuters The phone maker is in talks today with a company called Digital China to outsource portions of its sub-brand’s smartphone business, valued at CNY 15-25 billion ($ 2.2-3.7 billion).

Reuters: Huawei is about to sell Honor

According to the report, TCL, the conglomerate that currently makes Alcatel devices, and Xiaomi ̵

1; a leading smartphone company and Huawei’s main competitor in several markets around the world.

Sources were not named because the conversations were confidential and all sides refused to comment officially, but one of the insiders spoke to them Reuters suggested that the deal might just be cash in the end.

The brand was founded in 2013 and was originally sold as a phone line within the Huawei portfolio. Recently, however, it has operated independently, releasing various devices such as watches, earphones, and laptops around the world.

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