Ericsson India sales fall 32% q-o-q to Rs 2,850 cr in April-June

Telecom equipment maker Ericsson on Tuesday reported a 32% quarter-on-quarter (q-o-q) decline in revenue from its India operations to 3.6 billion Swedish crowns (around Rs 2,850 crore) for the April-June quarter, according to the company’s earnings.

On a year-on-year (y-o-y) basis, the company’s sales from India fell 60% in the April-June quarter, owing to the higher base of last year when telecom operators were aggressively rolling out 5G networks.