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Exclusive-Ericsson gets new 5G contract from India’s Bharti Airtel, sources say

Published by Uma Rajagopal

Posted on October 15, 2024

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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.

Sales in Southeast Asia, Oceania, and India had decreased by 44% in the second quarter. Ericsson will announce its third-quarter results on Tuesday.

Much of the deployment is likely to happen next year, according to one source familiar with the matter.

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Shares in Ericsson rose as much as 1.8% after the Reuters story.

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Global telecom equipment revenue had dropped 16% year-over-year in the second quarter, recording a fourth consecutive quarter of double-digit contractions, according to research firm Dell’Oro.

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