China's Huawei May Sell A Stake Abroad.

China's Huawei may sell a stake abroad.

HONG KONG -- Huawei Technologies Co. is considering the sale of a multibillion-dollar stake in its mobile-devices division to a foreign investor that could help the closely held Chinese telecommunications-equipment maker navigate the North American market, according to people familiar with the situation.

The sale, which could rank among the largest foreign investments in a Chinese company, is at an early stage, the people said. Later this month, Huawei plans to invite strategic investors and private-equity companies to make bids for a significant stake in the business, with a foreign investor possibly taking a majority shareholding in the business.