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MUMBAI, Oct 1 Asia Pulse - Anil Ambani's Rcom (BSE:532712), which is in the midst of a Rs 500 billion (US$10.65 billion) investment programme, today said the company's capex is expected to decline significantly from 2009-10 onwards as the firm's spending has reached its peak.
"We are at the peak of our capex cycle. Starting next year, our capex intensity is likely to decline significantly. This is a transformational phase for our company with many of our large-scale initiatives currently at a project implementation stage," Reliance Communications's Chairman Anil Ambani said at the company's fourth AGM.
As these projects reach completion, we will reap the ewards for many years to come in the form of strong cashflows, substantially higher stakeholder value and a far superior experience for ...
Source: HighBeam Research, INDIAN COMMUNICATION CO RCOM'S CAPEX MAY FALL IN FY 09.