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Ericsson, Nokia India sales slow down on capex cut by big telcos

By Economic Times - 5 months ago
Finland's Nokia posted a 33% sequential fall in India net sales to 379 million euros (Rs 3,432 crore) in Q4 2023, while Sweden's Ericsson has seen an even bigger 40% drop, sequentially, on the same score in the fourth quarter. Ericsson doesn't reveal India-specific sales numbers.

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