Singapore-based Broadcom said it was cutting its offer price for mobile chip maker Qualcomm in the wake of the US firm's increased bid for Dutch rival NXP. Broadcom reduced its offer to $79 a share, which would still be the largest-ever deal in the tech sector if completed at an estimated value of nearly $117 billion.

Read more: Broadcom lowers offer for Qualcomm as takeover saga continues

Huawei held a ceremony to launch the Cairo OpenLab during the Cairo ICT 2017 conference. Huawei, together with industry alliance and partners in Northern Africa, aims to build ICT ecosystem in Northern Africa in response to industry digital transformation.

Read more: Huawei aims to build ICT ecosystem in Northern Africa

Huawei was chosen to build a data center for the Customs in Algeria following a contract signed between the Chinese colossus and the Public Finance Informatics Agency of the Ministry of Finance. This project will be financed by the Fund of Appropriation of ICT Development and Users (Faudtic) of the Ministry of Post, Telecommunications, Technologies and Digital Technology.

Read more: Huawei to build data center for Algerian Customs

US chipmaker Qualcomm has penned a $12 billion megadeal with three leading Chinese mobile manufacturers. The announcement was made against the backdrop of a state visit to Beijing by US President Donald Trump.

Read more: Qualcomm signs $12 billion megadeal with three Chinese handset manufacturers

Chinese smartphone vendor Huawei has reported the slowest growth in company’s revenue since 2013, according to Huawei rotating CEO Ken Hu who expects a revenue growth of 15% to CNY600 billion ($91.2 billion) for 2017 compared to 32% in 2016. 

Read more: Huawei sets ambitious goals after reporting slowest revenue growth in four years

An important technology milestone based on the newly-approved NSA 5G NR (New Radio) standard has been achieved by a group of mobile communications companies. Ericsson and Qualcomm Technologies, in collaboration with AT&T, NTT DOCOMO, Orange, SK Telecom, Sprint, Telstra, T-Mobile US, Verizon, and Vodafone, showcased 3GPP-compliant 5G NR multi-vendor interoperability during live demonstrations held in both the Ericsson Lab in Kista, Sweden and the Qualcomm Research lab in New Jersey, USA.

Read more: Qualcomm and Ericsson lead 5G NR multi-vendor interoperability showcase

Swedish telecom equipment provider Ericsson published its Q3 financial results on October 20. The company reported a 6 percent year-on-year drop in third quarter revenue which accounted for SEK47.8 billion ($5.9 billion) while the loss was SEK4.8 billion ($590 million), worse than last year’s, reaching $24.5 million.

Read more: Ericsson reports 6 percent year-on-year drop in Q3 revenue

The world's leading brand consulting firm Interbrand, has announced its 2017 Best Global Brands Report and confirmed Huawei's move to number 70 -two spots up from its ranking in 2016. Brand valued at approximately USD $6.676 billion; Huawei has grown by 14 percent over the past year.

Read more: Huawei ranks 70 on Interbrand’s 2017 Best Global Brands Report