Ericsson’s sales in South East Asia, Oceania & India slump by 28% on-year in Q2FY25
NEW DELHI: Swedish telecom gear maker Ericsson on Tuesday reported a 28% year-on-year decline in its sales in the market area South East Asia, Oceania and India at 5.5 billion crowns (~₹4,917 crore) in Q2FY25, mainly dragged by a pause in fifth-generation (5G) network investments by Indian telecom carriers.
On a sequential basis, sales in the specific market area slumped by 24% year-on-year. Ericsson had reported sales of 7.7 billion crowns (~₹6,883.8 crore) in the corresponding quarter a year ago in South East Asia, Oceania, and India.
