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Huawei Puts Off Sale of Mobile Unit

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Oct 8, 2008, 11:25 AM by Eric M. Zeman

Chinese handset manufacturer Huawei has halted efforts to sell all or a part of its mobile device unit. It had originally hoped to bring in $4 billion with a sale to private investors. Huawei cited weak market conditions as a reason for dropping the sale. It didn't immediately say if it would pursue a sale again later if the financial climate improves.

Wall Street Journal »

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