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Securing a nearly $2 billion loan, Reliance Jio fortifies its ambition in the 5G arena. The funds will enhance Jio’s growth with the acquisition of leading-edge Nokia 5G equipment. Planning one of the fastest 5G rollouts, it’s further partnering with Samsung and Ericsson. Please note, success breeds competition and Bharti Airtel isn’t far behind.

As Three UK reports a 4% revenue boost, courtesy of an expanded active customer base, its operations cost, inflated by 19%, outpaces earnings, hinting at potential sustainability issues. In a different landscape, Telecom Italia shows a 5.5% Q2 profit increase, largely on Brazil’s performance, though competitive pricing in Italy has forced a hefty debt, leading TIM to consider selling its landline grid. At the same time, BT Group sees an uptick in revenue by 4%, attributed to raised prices and improved customer satisfaction. Contrarily, US-based Qualcomm, hit by reduced consumer spending, anticipates a similar upcoming quarter, resulting in a sharp fall in share price. Meanwhile, Bharti Airtel highlights a 14.1% YoY revenue increase, fueled by its growing 4G and postpaid customer base.