Ericsson treads water in choppy Q1 seas as it relies ever more on India

Growth remained elusive for Swedish kit vendor Ericsson in the first quarter of this year, while a geographic shift to India depressed margins.
The top-line number was that overall sales were once more flat, year-on-year. The decline in US sales increased, as operators there dialled back their capex spend even more, but this was largely offset by India, where Ericsson has major deals with Jio and Bharti Airtel. However, this increasing reliance (no pun intended) on India had a negative effect on