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Bain Capital, Silver Lake Look for Piece of Huawei Technologies

Posted on October 01, 2008

A Reuters report in the International Herald Tribune today says that private equity firms Bain Capital and Silver Lake have submitted formal offers for a stake in China's largest mobile phone equipment maker, Huawei Technologies.The mobile handset division of Huawei Technologies has been the focus of speculation and buyout attempts for some time now. According to the IHT story, the unit was expected to be worth more than $3.5 billion when the auction started earlier this year.Huawei hopes a US partner would expand its leverage in the US market. Photo courtesy of iStockphoto, olaf looseSee full...

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china , india , mobile , wimax