Ericsson secures Viettel 5G deployment deal

Indian communications service provider Vodafone Idea (Vi) has strengthened its longstanding network partnership with Ericsson through the award of major 4G and 5G contracts which, Ericsson says, will see the tech giant extend its network share.

Ericsson announced it will book a non-cash impairment of SEK11.4 billion (US$1.1 billion) in its Q2 results, blaming cloud unit Vonage which had previously hit the Swedish vendor in the wallet.

Data from Dell’Oro Group showed Huawei was the leading telecom equipment vendor by revenue in 2023, but the overall market had contracted 5% year-on-year, snapping five years of consecutive growth.