Exclusive-Ericsson gets new 5G contract from India's Bharti Airtel, sources say
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 14 2024
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Source: Yahoo Finance
Ericsson's New Contracts: Ericsson has secured a multi-billion dollar contract with India's Bharti Airtel for 5G equipment, following a $3.6 billion deal with Vodafone Idea, which is expected to enhance its revenue after a significant decline in the first half of the year.
Market Demand and Revenue Trends: The demand for 5G services in India surged in 2023, significantly offsetting revenue drops in other regions, while global telecom equipment revenue continues to decline, marking a fourth consecutive quarter of double-digit contractions.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
