Huawei, the Chinese telecommunications equipment maker, is in the final throes of a process begun this year to sell up to a majority stake in its mobile handset division; a deal expected to value the unit at $3.5bn.
Several shortlisted bidders recently abandoned their interest in light of increasing credit costs and declining prospects for the US economy.
Huawei, which hired Morgan Stanley to oversee the sale process, wants to increase US sales of the unit's products.
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