Digital China : Telecom Giant Huawei in Talks to Sell Parts of Budget-Phone Business, Reuters Reports

-- Chinese telecom giant Huawei Technologies Co. is in discussions with potential buyers to sell parts of its budget-smartphone business, Reuters reports, citing unnamed sources.

-- The deal could be an all-cash sale and may fetch between 15 billion yuan ($2.22 billion) and CNY25 billion, Reuters reports.

-- Digital China Group Co., the main distributor for Huawei's budget Honor phones, has emerged as the front-runner and other prospective buyers include rival smartphone maker Xiaomi Corp, according to Reuters.

Full story: https://reut.rs/3jWuGQF

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(END) Dow Jones Newswires

10-14-20 0151ET