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A This measure aims to revive the Honor, separating it from the network equipment of Huawei, a company that Washington accuses of being at the service of Chinese espionage, an accusation that the Huawei watch out.
The group is subject to sanctions that block access to American technology, including components and programs essential to the manufacture and operation of cell phones, including chips, semiconductors, or Google services.
The announcement of Huawei Technologies Ltd. does not include financial details, but said the company will no longer have a stake in Honor once the deal is consummated.
A Huawei will keep your brand of cell phones main, with the same name as the group.
The buyer is a company formed jointly by a technology company that belongs to the City Council of Shenzhen, in the south of the country, where Huawei has its headquarters and a group of retailers of Honor.
Previous news about a possible sale puts the value of the business at 100 billion yuan (12.6 billion euros).
“The change was made to guarantee the survival” of Honor, said in a statement to Huawei.
The Chinese group is China’s first global tech brand, but it is at the center of tension between Beijing and Washington over technology, security and espionage.
The Donald Trump administration has been pressuring its allies, including Portugal, to exclude Huawei and other providers of its telecommunications networks.
Honor, founded in 2013, is one of the brands of cell phones best selling books in the world.
Total device shipments Huawei and Honor fell 5%, compared to the previous year, in the quarter ended in June, for 55.8 million units, according to the consulting firm Canalys.
Sales in China increased 8%, but sales abroad fell 27%. Sales of cell phones gives Huawei Outside of China it suffered because the company was unable to pre-install Google services due to US sanctions.
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