India a key market, says Ericsson

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Swedish telecommunications equipment giant Ericsson said India has emerged as a key market for its global operations, and that it will invest more here.

In the calendar year 2015, in terms of business, India was among the top three countries globally, with 5 per cent contribution to Ericsson’s overall net sales, behind China and the US. In India, the company reports revenues of over Rs 10,200 crore, a growth of 74 per cent as compared to the previous year.

Paolo Colella, head of region India, Ericsson told The Hindu , “Investments in mobile broadband infrastructure to support the high growth in data usage, increased focus on network quality, and cost optimisation have driven strong sales growth in India.”