PLDT and Smart chairman and CEO Manuel Pangilinan said its investment arm is reviewing its portfolio and will likely make some “interesting” acquisitions next year.

Qualcomm is facing daily fines of €580,000 after failing to block a European Union (EU) order that requires the chip giant to provide internal information relating to an antitrust probe.

Ericsson is set to make further redundancies and reduce its real estate footprint as part of a new SEK10 billion ($1.2 billion) round of cuts, announced after the company revealed it remained in the red during Q2 following a 164 per cent year-on-year drop in net income.

Jia Yueting, co-founder of struggling Chinese content and devices company LeEco, resigned as chairman at an extraordinary shareholder meeting, with new board member Sun Hongbin expected to be named as his replacement.

Reliance Jio built up a market share of nearly 9 per cent of the country's active mobile users since launching 4G service last September, with most of its gains coming from smaller players.