Anil Dhirubhai Ambani Group (ADAG) company Reliance Communications today said its capex would decline sharply starting this year and continue on a downward trend in the future, primarily due to completion of the GSM network rollout.
In the 2008-09, the company's capex stood at Rs 19,000 crore, while for this fiscal the capex guidance is at Rs 10,000 crore.
"We expect our capex to decline significantly starting this year and continue on a downward trend in the future, particularly in relation to the scale of our expanding operations," Reliance Communications Chairman Anil Ambani told shareholders at its annual general meeting here.
"Our capex intensity peaked over FY'08-09 -- that scale of mega-expenditure is now behind us," Ambani said.
"We have also more than doubled our asset base to over Rs 1.
Tuesday, September 22, 2009
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