Download Android Jelly Bean 4.2.2 Stock Firmware for Huawei Y516 smartphone from here or here. Download previous firmware from here.
Firmware details
Archives: Huawei Y516-T00 fw
Image: [华为Y516-T00]_{anan}_90560_Y516-T00V100R001CHSC01B054
-新机型测试通过_20141206141051_tw
Archive size: 390 MB
Platform: Mediatek MT6582
Project: wt93520
Config_version: V1.1.1
Platform: Mediatek MT6582
Project: wt93520
Config_version: V1.1.1
Caution: Please do not update firmware unless you know what you are doing, you really want it or it is absolutely necessary. Firmware updates may occasionally have bad results, like bricking your device, temporarily or permanently. The firmware update process is done entirely at your own risk. Before attempting to update the firmware, back up your data.
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