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
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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
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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.
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