World's No2 mobile market set to roll out its next-gen high-speed wireless network by October with Jio, Airtel, Vodafone claiming slices

Reliance Jio Infocomm outspent key rivals Airtel and Vodafone, Nikkei Asia reported.

Some analysts have said the US tech giant could face a drop in demand given China's weak economy and the slump in smartphone sales in the second quarter.

Covid lockdowns in the second quarter hit retail sales and China's economy grew just 0.4% compared to market expectations of at least double that, analyst Ivan Lam said

Consumers tightened their purse strings, and business activity slowed amid China's pursuit of its "zero-Covid" strategy to stamp out infections

India has three private telecom operators - Reliance Jio, Bharti Airtel and Vodafone Idea - vying for 5G spectrum, along with new entrant Adani Data Networks

Southeast Asia's largest telecom said net proceeds from the divestment were estimated to be about $197 million after the deal closes by September

Despite company denials, 'multiple sources' told CNN that Huawei equipment could capture and disrupt communications to US nuclear arsenals, the report said

Using broad powers granted by the Trump administration, the Commerce Department is investigating if Huawei gear installed near key military bases poses a security threat

Xiaomi said the first 100 million phones took five years to sell, but the next 100 million took just three. Chinese companies account for four of the top five smartphone brands in India

The additional funds would bring total cost of purging US networks of telecom equipment that poses a national security risk to $4.9 billion, FCC's Jessica Rosenworcel said.

"This is no dystopian fantasy but a current reality," said MP Tom Tugendhat. ``A battle between authoritarian and rights-based technological standards and values is being waged.''