SHENZHEN, China, Oct 31 Reuters Chinese smartphone maker Honor announced on Thursday new investors that included China Telecom and a unit of CICC Capital Corp, almost a year after it said it was planning an initial public offering IPO.

Honor, a former unit of Huawei Technologies HWT.UL, did not disclose the amount of the investment.

Other backers include China39;s Cornerstone, the Shenzhen city government39;s SDG Group, and Jinshi Xingyao, an investment platform for Honor39;s channel partners, Honor said.

The smartphone maker said last November it was pursuing an IPO, without disclosing a location or a timeframe for the listing.

Honor was mainland China39;s third bestselling smartphone maker in the third quarter with 10.3 million shipments and a 15 market share, behind Vivo and Huawei, according to data from research firm Canalys.

Honor obtained an undisclosed amount of investment from China Mobile in August.

That same month, Reuters reported that the company had received an unusually high level of support from the government in its hometown Shenzhen, including funding for research and development as well as tax breaks.

Reporting by David Kirton Editing by Shri Navaratnam and Nicholas Yong

Source Reuters