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China’s Huawei reportedly in talks to sell premium smartphone brands P and Mate – CNBC

Huawei Technologies is in early-stage talks to sell its premium smartphone brands P and Mate, two people with direct knowledge of the matter said.

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China’s Huawei Technologies is in early-stage talks to sell its premium smartphone brands P and Mate, two people with direct knowledge of the matter said, a move that could see the company eventually exit from the high-end smartphone-making business.
The talks between the world’s largest telecommunications equipment maker and a consortium led by Shanghai government-backed investment firms have been going on for months, the people said, declining to be identified as the discussions were confidential.

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