Ericsson India sales fall 11% in January-March
Financial Express Mumbai|April 17, 2024
TELECOM EQUIPMENT MAKER Ericsson on Tuesday reported an 11.3% quarter on-quarter (q-o-q) decline in revenue from its India operations to 5.3 billion Swedish crowns (around ₹4,046 crore) for the January-March quarter, according to the company's earnings.
JATIN GROVER

This marks a drop in revenues for Ericsson sequentially for the second straight quarter in India. Until the July-September quarter of 2023, the company had been experiencing record sales from its India operations. The decline in sales during the quarter was attributed to a return to normalised investment levels by telecom operators, following the rapid rollout pace of 5G networks.

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