{"id":153493,"date":"2024-10-14T11:06:05","date_gmt":"2024-10-14T11:06:05","guid":{"rendered":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/10\/14\/ericsson-said-to-have-bagged-new-5g-contract-from-indias-bharti-airtel\/"},"modified":"2024-10-14T11:06:06","modified_gmt":"2024-10-14T11:06:06","slug":"ericsson-said-to-have-bagged-new-5g-contract-from-indias-bharti-airtel","status":"publish","type":"post","link":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/10\/14\/ericsson-said-to-have-bagged-new-5g-contract-from-indias-bharti-airtel\/","title":{"rendered":"Ericsson Said to Have Bagged New 5G Contract from India’s Bharti Airtel"},"content":{"rendered":"
\"Ericsson<\/div>


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Swedish telecom gear maker Ericsson has received a new multi-billion dollar contract for selling 5G equipment from India’s Bharti Airtel, two sources familiar with the matter said.<\/p>\n

This comes after Ericsson<\/a>\u00a0got part of a $3.6 billion (roughly Rs.\u00a030,259 crore) contract last month for selling 5G equipment<\/a> to India’s Vodafone Idea. It shared the contract with Nokia and Samsung.<\/p>\n

The new contracts are expected to boost Ericsson’s revenue next year after seeing a big fall in contracts from India in the first half of the year.<\/p>\n

Sales in Southeast Asia, Oceania, and India had decreased by 44 percent in the second quarter. Ericsson will announce its third-quarter results on Tuesday.<\/p>\n

Much of the deployment is likely to happen next year, according to one source familiar with the matter.<\/p>\n

Ericsson declined to comment. Airtel<\/a>\u00a0did not immediately respond to a request for comment.<\/p>\n

Shares in Ericsson rose as much as 1.8 percent after the Reuters story.<\/p>\n

Demand from the Indian 5G market started to skyrocket in 2023, when sales from the region grew as much as five times, as Airtel and Jio<\/a>, the telecoms unit of Indian conglomerate Reliance Industries, started to scale up 5G services.<\/p>\n

That demand cushioned a slowdown in revenue from Ericsson’s main US market where telecom operators have been lowering spending.<\/p>\n

Global telecom equipment revenue had dropped 16 percent year-over-year in the second quarter, recording a fourth consecutive quarter of double-digit contractions, according to research firm Dell’Oro.<\/p>\n

\u00a9 Thomson Reuters 2024<\/em><\/p>\n

(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)<\/i><\/p>\n<\/div>\n


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Swedish telecom gear maker Ericsson has received a new multi-billion dollar contract for selling 5G equipment from India’s Bharti Airtel, two sources familiar with the matter said. This comes after Ericsson\u00a0got part of a $3.6 billion (roughly Rs.\u00a030,259 crore) contract last month for selling 5G equipment to India’s Vodafone Idea. It shared the contract with […]<\/p>\n","protected":false},"author":2,"featured_media":153494,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","fifu_image_url":"https:\/\/i.gadgets360cdn.com\/large\/ericsson_reuters_full_1561012180009.JPG","fifu_image_alt":"","footnotes":""},"categories":[607],"tags":[58235,4582,76925,22417,4579,6213,14784,120765,925],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/153493"}],"collection":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/comments?post=153493"}],"version-history":[{"count":1,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/153493\/revisions"}],"predecessor-version":[{"id":153495,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/153493\/revisions\/153495"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media\/153494"}],"wp:attachment":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media?parent=153493"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/categories?post=153493"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/tags?post=153493"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}