Australia’s largest mobile operator Telstra reported a sharp decline in its net profit for the fiscal year ending 30 June due to higher than expected charges related to the country’s National Broadband Network (NBN) rollout.

Verizon revealed it is making investments to provide continued backing for emergency services in the US, as the operator looks to compete with rival AT&T’s $46.5 billion public-safety network.

Tencent, Baidu, JD.com and Alibaba Group are among 14 strategic investors due to participate in a CNY78 billion ($11.7 billion) China Unicom share sale, the operator announced.

The US’ mobile data market had a storming second quarter, with average data consumption in the country on track to cross 6GB per month by the end of 2017, a move which could make it the global leader.

Qualcomm warned the US investor watchdog that revenue from its iPhone modem sales may continue to decline, with the company promising further disclosure on its dealings with Apple in its next quarterly trading update.