Pros
There are a lot of fields to go for if you are interested to work in the telecom field. There is a possibility to switch your field of work. Best work culture considering all the telecom giants. Possibility of a lot of global tours.
Cons
If you're a fresher you will be alloted a profile of work at random and since there is a BOND associated with EGI, you are bound to work in the same profile for at least 1.5 years. If you wish to stay in Telecom, the field which was randomly alloted to you will stay with you all your life unless lucky. The cost cutting thing will eat you up as the level of facilities and perks is getting degraded day by day. Salaries as compared to other Ericsson subsidiaries (worldwide) is very less. In some of the profiles like mine, it's impossible to maintain work life balance.