Coronavirus outbreak in China may affect 5G roll-out in India.
No End in Sight
The deadly coronavirus outbreak in China has already claimed more than 1,000 lives (as reported by the Chinese media), and is showing no signs of abating.
A prolonged epidemic is not only expected to vastly hit businesses, trade and tourism, but also technological development.
India too could be vastly hit. Auctioning and roll-out of the much-awaited 5G spectrum may be hit adversely considering that Chinese vendors such as Huawei have been leading the charge on the 5G front. Devices ecosystem development will also be negatively impacted globally. [ET Telecom]
Share price of US wireless carrier Sprint has been up more than 60% in extended hours trading Monday after a WSJ report said that a US District judge is expected to rule in favor of its merger worth with T-Mobile. The decision is expected to be made public on Tuesday. [CNBC Markets]
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