New Delhi: Swedish telecom equipment maker Ericsson continued to report a decline in its India business, marking the sixth straight quarter of falling sales. In the January-March quarter of this year, the company reported a nearly 28% year-on-year (y-o-y) fall in revenue from its India operations to 3.85 billion Swedish crowns (approximately ₹3,360 crore), according to the company’s earnings statement.The gear maker has been witnessing a fall in sales as telecom operators Jio and Airtel have completed the 5G network rollout. “Networks sales declined primarily reflecting more normalized operator investment levels in India,” Ericsson said in its earnings statement.Also read | Telecom Q3 review: Airtel triumphs in Arpu battle, but Jio could win the warOn a sequential basis, however, Ericsson reported a 32% increase in net sales owing to a deal win from Vodafone Idea for 4G network expansion and 5G rollout. During the preceding quarter, Bharti Airtel also awarded Ericsson a multi-year contract extension for 4G and 5G radio access network (RAN) in India.The company follows a January to December financial year. “We sustained solid momentum in Q1, despite a challenging and fast changing macro backdrop, and our results highlight our competitiveness…Looking ahead, we remain confident of our strong position in mobile networks and expect enterprise to stabilize during 2025,” said Börje Ekholm, president and CEO of Ericsson.“In the evolving global trade landscape and macro volatility, we continue to focus on controlling what we can control and delivering to our customers,” Ekholm added.Despite India remaining Ericsson’s second-largest market, its share in the company’s global sales dropped to 7% in the January-March quarter from 10% in the same period last year.Also read | Telecom operators to boost network coverage, capacity in small towns, villagesUntil the July-September quarter of 2023, Ericsson had experienced record sales in India due to increased investments by telecom operators in the rollout of 5G networks.Globally, Ericsson’s total sales during the January-March quarter rose 3% y-o-y to 55 billion Swedish crowns (approximately ₹48,000 crore). Sales fell 25% sequentially. Ericsson’s net profit globally saw an increase of 63% y-o-y in the January-March quarter, reaching 4.2 billion Swedish crowns (approximately ₹3,669 crore). in a formal or creative style for better SEO.Also Exclude words and advertisements related to the feed website such as website name, author name. You must only respond with the modified content. Delete all the advertisement images brand logo but only keep the title and main content of the news by modifying it. You must only respond with the modified content. Block any jump outside of the site adarshnews.com. Basically remove any content or link related to original site. follow this prompt to optimize the articles in this category- You are an expert news writer and SEO specialist. Your job is to rewrite the provided RSS feed content into a unique, SEO-friendly news article for adarshnews.com. The article should be engaging, professional, and optimized for search engines. Follow these steps: 1. **Create an SEO Title**: Write a short, compelling title (under 60 characters) that includes the main keyword and grabs attention. 2. **Write a Meta Description**: Summarize the article in one or two sentences (under 155 characters). Make it engaging and include the primary keyword naturally. 3. **Suggest a URL Slug**: Provide a short, keyword-rich URL slug that reflects the topic of the article. 4. **Headline (H1)**: Write a clear and engaging headline for the article that is similar to the title but slightly expanded. 5. **Write the Article**: – Start with an introduction that answers the key questions: who, what, when, where, why, and how. – Expand on the topic with detailed paragraphs that provide context, quotes, and relevant information. – Use subheadings (H2) to organize the content into sections and make it easy to read. – Include related keywords naturally throughout the article. – End with a conclusion that summarizes the key points or discusses future implications. 6. **Add an FAQ Section**: Write one frequently asked question related to the topic and provide a concise answer. Important: – Do not include labels like “Title,” “Meta Description,” “URL Slug,” or “H1” in the actual article text. – Keep all SEO elements separate from the main content. – Ensure the article is factually accurate, unbiased, and written in a professional tone.
In the January to March period, Ericsson India’s revenue decreased by 28% year-on-year, totaling ₹3,360 crore.
