Demand for telecom gear to zoom in '24-25: Nokia

In the third quarter financial report, Nokia CEO Pekka Lundmark said the business continued to benefit from 5G deployments in India, where net sales more than doubled year-on-year, but sales volume moderated significantly on a sequential basis as the pace of deployment has started to normalise. Chhabra said Nokia will increase exports from India if demand tapers, but he expects the growth momentum in the country to continue.

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