Ericsson CEO: India Telecom Upbeat After Vodafone Idea AGR Relief, Layoffs Won't Impact India

• Ericsson CEO Börje Ekholm believes Vodafone Idea's AGR relief strengthens India's three-player telecom market, fostering investment and innovation.
• Despite global restructuring and layoffs, Ekholm states India operations will not be significantly impacted, calling India a "very material and strategic asset."
• India accounted for 5% of Ericsson's global revenue in Q4, with optimism for improved operating conditions and potential growth in capital expenditure.
• Ericsson continues to invest in India, expanding local manufacturing and R&D centers in Chennai, Bengaluru, and Gurugram, including new ASIC and RAN Software R&D units.
• The company emphasizes its commitment to India's digitalization, viewing it as a front-runner market for adaptability and portfolio perspective, despite a short-term slowdown post-5G rollout.

Why It Matters: Ericsson CEO is optimistic about India's telecom future post-AGR relief, reaffirming India's strategic importance.