Ericsson 5G: Nokia, Ericsson caution of decline in mobile networks largely due to 5G deployment normalisation in India, ET Telecom

Ericsson 5G: Nokia has reported a 33% year-over-year fall (30% decline in constant currency) in net sales to 379 million euros in India in Q4 2023. Likewise, its Swedish rival Ericsson this week reported a 40% sequential fall in India sales in the December quarter amid a scaling back of network investments by the country's top telcos after a period of fast-paced 5G network rollouts.

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