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India second largest sales market for Ericsson in October quarter

India contributed 6 percent of net sales for the telecom network equipment maker, a share smaller than only the United States

Subhayan Chakraborty New Delhi

Premium

The company's global sales rose by 15 percent in calendar year 2022

2 min read Last Updated : Jan 20 2023 | 11:53 PM IST

India became the second largest sales market for global communications services provider Ericsson in the October-December quarter as the company secured large contracts to supply sophisticated 5G equipment.

India contributed 6 percent of net sales for the telecom network equipment maker, a share smaller than only the United States, which contributed 41 per cent, Ericsson said on Friday.

Japan saw the third largest market for sales at 4 pe rcent, followed by both China and the United Kingdom at 6 percent, the consolidated results of the company showed. India was the second largest market even for the full year (January-December 2022), contributing 4 per cent of net sales, same as China and Japan.