5G equipment provider Ericsson secures a multi-billion dollar contract with Bharti Airtel in India.

Ericsson has landed a multi-billion dollar contract with India's Bharti Airtel for 5G equipment, bolstering its presence in the Indian telecom market. This follows a $3.6 billion deal with Vodafone Idea, shared with Nokia and Samsung. The new contracts are expected to increase Ericsson's revenue, particularly after a 44% decline in Southeast Asia, Oceania, and India sales in Q2. Demand for 5G services in India surged in 2023, countering revenue drops in the U.S. market.

October 14, 2024
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