By David Kirton
SHENZHEN, China (Reuters) - Huawei Technologies [HWT.UL] plans to sell its budget-brand Honor smartphone unit in a 100 billion yuan ($15.14 billion) deal after years of pressure from U.S. trade curbs made on grounds that the technology firm is a national security threat.
The world's biggest maker of mobile telecommunications equipment has repeatedly denied the accusation, but in May this year its rotating chairman acknowledged it was in survival mode.
For Reuters' exclusive report on Huawei's plans to sell Honor, please click on
The all-cash sale will include almost all of Honor's assets including brand, research & development capabilities and supply chain management, sources told Reuters.
Divestment will mean Honor is no longer subject to Huawei's ...
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