Huawei considering sale of phone business

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SHood Veteran Member • Posts: 5,732
Huawei considering sale of phone business

I am concerned who will drive innovation with fewer major phone manufacturers.

https://www.google.ca/amp/s/mobile.reuters.com/article/amp/idUSKBN29U0OU

(Reuters) - China's Huawei Technologies Co Ltd is in early-stage talks to sell its premium smartphone brands P and Mate, two people with direct knowledge of the matter said, a move that could see the company eventually exit from the high-end smartphone-making business.

The talks between the world's largest telecommunications equipment maker and a consortium led by Shanghai government-backed investment firms have been going on for months, the people said, declining to be identified as the discussions were confidential.

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