Home » Technology » Huawei has sold the low-cost phone division to Honor, and Washington has imposed sanctions on it Companies and markets

Huawei has sold the low-cost phone division to Honor, and Washington has imposed sanctions on it Companies and markets

en-en The Slovak company Huawei Technologies sold Honor cheap phones due to the US sanctions division. He hopes that the subsidiary that the transaction will transfer under the auspices of a 30-member consortium led by its resellers will be due to the independence of five, as it will not be subject to Washington sanctions.


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Huawei will not own a new company in the new company and there will be no share in its wife, the company said in its statement.

The price of the transaction was not published, but the media estimate it at about 100 billion Jan (338 billion crowns). Huawei shared the Honor logo in 2013, but the division operates firmly independently.

Sell ​​smartphones through your own website and add them to other retailers. According to the DPA agency, it is estimated at a quarter and an aunt, according to all Huawei smartphones sold.

Washington has announced Huawei, the world’s largest smartphone maker, for its security risk, imposed sanctions on it and persuades its allies to join those sanctions. American sanctions make access to American software and technology, even if it comes from non-American companies.

Given that Huawei has to get rid of American technology, according to analysts, the group needs a new chapter, which could be acquired first by selling the company’s subsidiaries.

For Honor, however, independence means that he will have to carry out his own research and development. According to the first, in the opinion of the new owner, she is considering that she took the funds for the flight after the company entered the stock exchange.

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