Quick commerce to lead new-age Internet growth in Q4
Telecom equipment maker Ericsson on Tuesday reported a 12% quarter-on-quarter (q-o-q) decline in revenue from its India operations to 5.3 billion Swedish crowns (around Rs 4,046 crore) for the January-March quarter, according to the company’s earnings.
This marks a drop in revenues for Ericsson sequentially for the second straight quarter in India. Until the July-September quarter of 2023, the company had been experiencing record sales from its India operations.
The decline in sales during the quarter was attributed to a return to normalised investment levels by telecom operators, following the rapid rollout pace of 5G networks.
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