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.
Finland s Nokia posted a 33% sequential fall in India net sales to 379 million euros (Rs 3,432 crore) in Q4 2023, while Sweden s Ericsson has seen an even bigger 40% drop, sequentially, on the same score in the fourth quarter. Ericsson doesn t reveal India-specific sales numbers.