Earlier this month, it was reported that Huawei was looking to sell its budget sub-brand Honor to a consortium, potentially saving Honor from the various trade embargoes placed on its parent company. The deal has now gone through, ceding control of Honor to a government-backed group of companies.
Honor is being sold to a consortium of over 30 agents an dealers, according to a joint statement from 40 of the companies involved in the purchase.
This story is developing…
