Ericsson India's revenue slipped to 28 percent in the third quarter of 2016 to USD 292 million, affected by the delay in airwaves sale. The delay in the spectrum auctions, which closed early October, negatively impacted mobile broadband investments in the quarter. The telecom multinational solely attributed revenue fall to spectrum auctions, which it said led to another slow quarter, but added that professional services continued to be stable. Sales as reported decreased by 14 percent Y-o-Y, with a decline in all segments. Sales, adjusted for comparable units and currency, decreased by 14 percent. The negative trends from the first half of 2016 accelerated in the quarter, impacting primarily segment networks. The sales decline in networks was driven mainly by markets with a weak macro-economic environment, impacting both mobile broadband coverage and capacity sales in these markets.

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