Qualcomm Incorporated announced that it commenced a "modified Dutch auction" tender offer to purchase up to $10 billion of shares of its common stock, or such lesser number of shares of its common stock as are properly tendered and not properly withdrawn, at a price not less than $60.00 nor greater than $67.50 per share of common stock, to the seller in cash, less any applicable withholding taxes and without interest.
Nokia announced its financial results for the second quarter of 2018 with a decrease in net sales from EUR 5.6bn in Q2 2017 to EUR 5.3bn in Q2 2018. On a constant currency basis, net sales would have been down 1%.
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.
US computer chip giant Qualcomm announced that it dropped a $43 billion acquisition of Dutch rival NXP after failing to win approval of antitrust authorities in China.
Etisalat and Ericsson have successfully conducted a live on-air trial of Ericsson Radio System and Massive MIMO technology in the United Arab Emirates, paving the way towards 5G deployment.
Swedish telecommunications colossus Ericsson has claimed that the metrics disclosed in its Q2 financial report do not accurately reflect the underlying improvements being made by the vendor.
Huawei held a conference on its newly launched HCNA-AI in Beijing where it announced that the Huawei's AI engineering certification is the first step for the Chinese multinational to build an artificial intelligence talent certification system. With the theme "Never stop learning, create the future with AI", Huawei welcomed more than 100 educators, academic experts, Huawei training partners, university professors, students and AI technology enthusiasts. This new certification designed for tech professionals aims to promote the artificial intelligence technology and industry through talent development, and it will ultimately facilitate technological progress of enterprises looking to make an impact in the digital economy.
Huawei released its 2017 Sustainability Report demonstrating the initiatives undertaken in the year across four areas: Bridging the Digital Divide; Supporting Network Stability and Security and Protecting Privacy; Promoting Environmental Protection; and Building a Healthy Ecosystem. Over the past year, Huawei has actively benchmarked its operations against the United Nations Sustainable Development Goals to achieve its strategic goals in sustainability.
Huawei announced its business results for the first half of 2018. In the first six months of this year, Huawei generated CNY325.7 billion in revenue, an increase of 15% over the same period last year. The company's operating margin in 2018 H1 was 14%.
Ericsson Media Solutions will be rebranded as MediaKind in an attempt for Ericsson to revamp the unit. MediaKind is "designed to embody the concept that media should inspire and unite humankind", said Ericsson Media Solutions, and will have Angel Ruiz as CEO in addition to a new management team of 11 executives.