Huawei Shopping Its Handset Business
May 7, 2008, 12:14 PM by Eric M. Zeman
Huawei Technologies is considering selling a large portion--possibly even a majority--of its handset business to a foreign investor. Huawei, which is a 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.