Lenovo has revealed a deal with Hony Capital to offload its cellphone business, a branch of the company little known about outside of the Chinese market.  The private equity firm will pay $100m for the group.

Shipments of Lenovo cellphones had dropped 31-percent in the last quarter, generating sales of $108m.  This compares poorly to notebook sales, which rose 38-percent year-on-year, generating sales of $2.6bn.

The deal must be approved by shareholders before it can be completed.

[via Engadget]