Ericsson India sales fall 40% q-o-q to Rs 4,560 cr in October-December

Telecom equipment maker Ericsson on Tuesday reported a 40% quarter-on-quarter (QoQ) fall in revenue from India operations to 5.75 billion Swedish crowns (around Rs 4,560 crore) in the October-December quarter, according to the company’s earnings.

Ericsson, which till the July-September quarter was witnessing record sales from India operations, said its sales from the region during the reported quarter declined sequentially as the market has started seeing normalised investment levels from telecom operators following an unprecedented 5G network rollout pace.