China's Huawei said it could replace Samsung as the world's top smartphone maker by late next year, just days after data showed it surpassed Apple for the number-two spot despite being essentially barred from the key US market.
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T-Mobile and Nokia announced a landmark $3.5 billion agreement to accelerate the deployment of a nationwide 5G network. Nokia will provide T-Mobile with its complete end-to-end 5G technology, software and services portfolio, assisting the Un-carrier in its efforts to bring its 5G network to market for customers in the critical first years of the 5G cycle.
Japan's largest mobile telecommunications group, NTT Docomo, said it had posted a net profit of up to 9,2% over a year in the first quarter of its 2018/19 fiscal year, thanks to a surge in the number of subscribers to its offers. The company also highlighted that it had benefited from an increase in revenues related to its fiber optics services.
Samsung Electronics said its second quarter net profit dipped slightly from a year earlier, with a fall in smartphone sales mitigated by strong demand for its memory chips.
Google is crafting a search engine that would meet China's censorship rules after it withdrew its search engine from China eight years ago due to censorship and hacking. However, it is now working on a project for the country codenamed “Dragonfly”.
According to the Economic Times, Vodafone India and Idea Cellular paid INR 73 billion ($1 billion) in a combination of cash and bank guarantees to the country’s Department of Telecommunications (DoT) in order to clear the last major obstacle related to the pair’s delayed merger.
Huawei Consumer Business Group (CBG), the global smartphone giant, overtook Apple in second quarter of 2018 to become number two smartphone vendor globally for the first time. According to International Data Corporation (IDC) Worldwide, Huawei earned 15.8 per cent market ahead of Apple at 12.1 per cent.
Google parent Alphabet shares lifted on a stronger-than-expected earnings report for the past quarter, as the tech giant's results eased concerns over huge fines imposed by the European Union for antitrust actions.
ZTE revised its Q1 results to announce that what was a profit has turned into a significant net loss of more than CNY5.4 billion ($790 million, due to the impact of the recent US trade ban.
China's state-owned China Tower, the world's largest operator of telecommunications towers, announced it will aim for an $8.7 billion initial public offering in Hong Kong, the biggest globally in four years.