Telecom gear maker Ericsson’s India head Paolo Colella has handed over reigns to Nunzio Mirtillo as he moves on to a new role as head of digital services for Europe and Latin America. Mirtillo will lead the operations in India along with a number of other countries.
The change in leadership is in line with the company's recent change in organisational structure at the global level to ensure execution of its strategy. As reported by The Economic Times, the development follows a 10 percent year-on-year decline in Ericsson India’s revenues in the first quarter of 2017 which has been largely impacted by consolidations and tariff war between operators.
Mirtillo was earlier assigned, Head of Market Area South-East Asia, Oceania and India, back in April. He will now head operations on behalf of the Swedish company in India, Australia, New Zealand, Indonesia, Singapore, Malaysia, Thailand, Vietnam, Myanmar, Philippines and Bangladesh.
“I am confident that the new simplified organisational structure will enable the teams to leverage the synergies across the different countries in the market area and successfully execute on our business strategy,” Mirtillo told The Economic Times.
The change in leadership takes place at a time when the telecom market is in the midst of a huge price competition which has directly impacted the revenue of equipment makers. The new head will be looking to capitalise on the rapid expansion of 4G network coverage in the country as well as deeper 3G coverage.
Companies such as Ericsson are, however, hoping to gain in revenue as telcos expand their 4G network and deepen 3G coverage amid a huge data boom. Mirtillo, who is also a member of Ericsson’s executive team, has formed a new leadership team to drive business in the region under his charge.