Millennium Post

India now Swedish Ericsson’s top growth market

India emerged as the top growth market for Swedish telecom gear maker Ericsson which on Tuesday reported 20 per cent rise in revenue at 2,362 million Swedish Krona (about Rs 1,753 crore) from the country for the quarter ended December 31, 2014. “Sales increased YoY mainly due to higher operator spending driven by continued growth in mobile data traffic. Global Services sales showed a strong development mainly due to the first pan-India managed services contract,” Ericsson said. Western and Central Europe posted 17 per cent growth, South East Asia and Oceania 16 per cent.
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