Huawei confirmed the sale of mobile phone sector

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Huawei was the first time publicly acknowledged plans to sell its mobile phone sector. The company said, and is now fighting for foreign investment institutions, to sell a majority stake terminals business unit. According to relevant sources, the sale is to seek financing overseas expansion, particularly in the U.S. market expansion.

The open source said that "the buyer is locked Bain Capital, Blackstone Group, TPG, KKR (KohlbergKravisRoberts & Co.), Warburg Venture Capital Co., Ltd. (WarburgPincusLLC) and the Carlyle Group (CarlyleGroup) 6 private capital firms," the Huawei company refused to confirm. Company official said at present not "private capital Huawei has received a bid invitation" to comment on such details.

According to the latest reports, the world's leading private equity company has completed the acquisition of Huawei Technologies Mobile Devices in the first round of bidding. According to sources, the initial non-binding bid is expected today (June 23). Huawei mobile devices sector is expected the value of 3 billion U.S. dollars, but the final price will depend on Huawei agreed to give up control of the majority.