When registering RHEL client with Red Hat Insights it fails with UnicodeDecodeError

Issue

When trying to register a Red Hat Enterprise Linux to Insights, and if the following is observed:

UnicodeDecodeError: 'ascii' codec can't decode byte 0xe2 in position 39: ordinal not in range(128)

# insights-client --keep-archive --no-upload
Starting to collect Insights data for ycq-ocs-prp01​.yourcompany
Fatal error
Traceback (most recent call last):
  File "/var/lib/insights/newest.egg/insights/client/phase/v1.py", line 33, in _f
    func(client, config)
...
  File "/usr/lib64/python2.7/posixpath.py", line 80, in join
    path += '/' + b
UnicodeDecodeError: 'ascii' codec can't decode byte 0xe2 in position 39: ordinal not in range(128)

********Archive saved at None
Starting to collect Insights data for ----
Fatal error
Traceback (most recent call last):
  File "/etc/insights-client/rpm.egg/insights/client/phase/v1.py", line 32, in _f
    func(client, config)
...
  File "/usr/lib64/python2.7/posixpath.py", line 80, in join
    path += '/' + b
UnicodeDecodeError: 'ascii' codec can't decode byte 0xe2 in position 39: ordinal not in range(128)