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Finnish telecom company Nokia reported a 102% increase in net sales in India in Q3 2023, driven by 5G deployments. However, it cautioned that the pace of 5G rollouts in India is starting to slow down. Net sales in North America fell 45% as customers evaluate spending and digest inventories. Nokia's net sales declined in other regions as well, except for the Middle East & Africa which saw 2% growth.
Competitor and market leader Reliance Jio has also announced intentions to launch a similar product and is currently beta testing it across customers in different markets. The Mukesh Ambani-owned telco is widely expected launch its service during parent Reliance Industries' annual general meeting scheduled on August 28. Jio didn't respond to ET's emailed queries.
Signal interference, that is unsafe. >> reporter: at&t and verizon are behind this 5g push. it begs mentions at&t owns cnn's parent company. in a statement it says this is really on the faa. it had two years to fix this, so a lot of finger pointing here, kate. we're only seeing just the start of it. >> thank you very much, pete, for the latest there. before we go, we also do want to note the passing after an icon. andre leon talley has died after battling an illness. at 6'6", he was a booming presence in the fashion world, not to mention his larger than life personality and so much more. tal...
Pete, what do we know about at&t's decision? >> reporter: this is a huge development from at&t. it along with verizon is really behind the 5g push which is set to roll out tomorrow across the country far and wide, but issue here is that there are really serious aviation safety concerns that have been brought up by air. . they say the problem will lead to thousands of cancellations and delays and diverted flights. the big issue is with the 5g radio spectrum. it is so close, airlines say to radar altimeters, to what they use, a highly sensitive instrument that pilots use in critical phases of fl...