Team Blitz India
BENGALURU: The 5G network rollout in India has been remarkable and the country is among the top three world leaders with the largest 5G installed base in the world, Nokia President and CEO Pekka Lundmark said. He was addressing an event during the inauguration of the company’s 6G research lab in Bengaluru.
“5G rollout in India is truly remarkable. This has been one of the fastest telecom network roll-outs ever and means India is now among the top three countries in the world that have the largest 5G installed base, with 5G download speeds beating those found in many advanced markets,” Lundmark said.
While there has been a decline in telecom gear shipment across major geographies, the 5G rollout in India has been able to offset a dip in the business of Ericsson and Nokia.
Nokia posted 333 per cent growth in India sales at about Rs 9,500 crore in the June quarter of 2023.
Ericsson reported 74 per cent growth in net sales in the June 2023 quarter in “South East Asia, Oceania and India” to around Rs10,700 crore of which around 90 per cent of its business comes from India.