China-based Huawei Technologies Co. is considering the sale of a large portion of its mobile devices division to a foreign investor. Apparently, the idea behind the move is to get additional money and enter the North American market.
According to The Wall Street Journal, the sale is at an early stage of discussions and Huawei plans to invite strategic investors and private-equity companies later this month. The end result could be that a foreign investor end up owning the majority in the business, though, presently that’s not clear. If something like this happens, we may see Huawei emerging at the top of the North American telecommunications equipment market. We’ll certainly watch this closely…
[Via: PhoneScoop]