Ericsson Wins Multi-Billion Dollar 5G Equipment Contract From Bharti Airtel, Building On Last Month's $3.6B Vodaphone Idea Deal, Aiding Revenue Recovery After H1 Contract Decline In India; Southeast Asia, Oceania, India Sales Dropped 44% In Q2
Portfolio Pulse from Benzinga Newsdesk
Ericsson has secured a multi-billion dollar 5G equipment contract from Bharti Airtel, following a $3.6 billion deal with Vodafone Idea. These contracts are expected to aid Ericsson's revenue recovery after a significant decline in sales in Southeast Asia, Oceania, and India in Q2.
October 14, 2024 | 12:59 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Ericsson has secured a significant 5G equipment contract with Bharti Airtel, following a $3.6 billion deal with Vodafone Idea. These contracts are expected to boost Ericsson's revenue next year, aiding recovery from a 44% sales drop in Southeast Asia, Oceania, and India in Q2.
The new contracts with Bharti Airtel and Vodafone Idea are expected to significantly boost Ericsson's revenue, especially after a notable decline in sales in the region. This positive development is likely to improve investor sentiment and potentially drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100