Ericsson’s India sales down y-o-y in September quarter

Swedish telecom equipment manufacturer Ericsson on Tuesday said sales from India fell after telecom operators moderated capex in the current fiscal, leading to a 44% decrease in sales from Southeast Asia, Oceania, and India for the September quarter.

While Southeast Asia, Oceania, and India continue to be the second largest market by sales for Ericsson, their contribution to global sales has come down significantly on-year.