Nokia’s net sales in India up 102% to 567 mn euros in 3Q23; says moderation in India 5G rollout
Pekka Lundmark, President and CEO, of Nokia, said in the report that the company’s net sales in Mobile Networks declined 19% year-over-year as “we saw some moderation in the pace of 5G deployment in India which meant the growth there was no longer enough to offset the slowdown in North America”.