Nokia April-June sales drop after record 2023, pins hope on Vi deal

Nokia and Ericsson have reported a 68% YoY fall in India net sales in Q2, 2024, with Reliance Jio and Bharti Airtel cutting down on network capex spends after completing their pan-India 5G rollouts. To revive their sales in India and support global growth, the companies will need to rely on fresh 4G and 5G gear supply deals with Vodafone Idea.