Huawei May Sell a Stake Abroad?

Huawei May Sell a Stake Abroad? According to The Wall Street Journal, Huawei is considering selling a large portion--possibly even a majority--of its handset business to a foreign investor. The Chinese maker of telecommunications equipment said it will use the investment to help it enter the North American market and become a supplier of handsets to North American wireless network operators.

The sale, which could total in the billions of dollars, is in the earliest stages of discussions. Stay tuned.

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