Nokia India net sales fall strongly by 44% in 3Q24 as Jio, Airtel’s 5G deployments slow down

NEW DELHI: Finnish telecom gear maker Nokia on Thursday reported a strong 44% year-on-year decline in net sales at 316 million euros in Q3 2024, compared to 567 million euros in Q3 2023, following the conclusion of Reliance Jio and Bharti Airtel’s fifth-generation (5G) network deployments earlier this year.