Huawei to Sell Out Its Honor Phone Business Amid US Sanctions
Huawei announced Tuesday it is selling its budget brand Honor to ensure its survival. Huawei will no longer have ownership of the brand or be involved in any decision-making after the sale is completed.
Buyers include more than 30 Honor dealers and suppliers. The sale of Honor was initiated as a means to sustain the brand and its partners under the press…
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