Telecommunications giant ZTE is reportedly exploring a potential sale of its primary smartphone business, with discussions pointing to a massive transaction valued at around $5.6 billion.
Notably, the reported deal would not include RedMagic, ZTE's dedicated gaming smartphone sub-brand. Excluding RedMagic suggests the company intends to maintain a targeted presence in the niche, high-performance mobile gaming segment while divesting its broader consumer handset operations.
If completed, the multibillion-dollar move would represent a major restructuring for ZTE and could significantly reshape the competitive landscape in the global mobile market.
Check the original report on Gizmochina for full details.
