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  • Chinese telecom giant Huawei announced Tuesday it has sold its Honor budget phone line to a domestic consortium, a move it said was necessary to keep the brand alive amid "tremendous" supply chain pressures caused by US sanctions. Honor has been purchased by a group of 40 companies comprised of agents, distributors and other businesses dependent on the brand's survival, Huawei and the consortium said in separate statements. dma/jah
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  • Huawei sells off budget phone brand amid US pressure
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