Nokias India sales declined for the fourth quarter in a row as Reliance Jio and Bharti Airtel scaled back on network capital expenditure. Similarly, Ericsson experienced a 44% drop in sales in the region.

During the July-Sept period, Ericsson's India revenue plunged 68% Y-o-Y, while Nokia's India sales saw a 43 per cent Y-o-Y dip. Both firms supply network solutions to telecom operators in India

Wireless and fixed-network equipment maker Nokia has reported better-than-expected third quarter earnings, mainly on the back of cost cutting measures, but saw its sales dive 8% largely due to a weaker India market.