That and some information about the device, which IPs it is accessing and so on. A malicious firmware can periodically ping any server without the user knowing, which would allow the server to triangulate the phone via cell towers.

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Great,

So if this is your threat models just never use it at home - put it in a faraday bag & buy the pixel with cash.

Correct. But if you are at that level, I would also make sure there are no other electronics in your house. Anything can have a hidden modem these days, even your fridge.