Lower 5G Spends by top Indian telcos hit Ericsson's sales in Q4
Bharti Airtel scaled back their 5G investments.
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Ericsson, which follows the January-December financial year, had reported sales of 11.8 billion crowns a year earlier.
«Network sales declined primarily due to lower customer investment levels in India after a record 2023,» Ericsson said in its earnings report, adding that it won a multi-year contract extension for 4G and 5G radio access network (RAN) with Bharti Airtel in India and the majority share of nationwide 5G deployment for telecom company VNPT in Vietnam.
For the full year, Ericsson's sales in Southeast Asia, Oceania and India declined 38% year-on-year, reflecting normalised network investment levels in India after a record year in 2023.
In the mobile networks segment, sales in North America increased 70% year-on-year, benefitting from deal wins and increased network investments by large US customers. By contrast, Ericsson said, sales in other markets decreased materially, particularly in Southeast Asia, Oceania and India, as capital expenditure by telcos in India normalised after a record 2023.
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