RCom to spend Rs 4000 crore as capex next fiscal year
Reliance Communications, India's fourth largest telco, said that it has increased its capital expenditure (capex) outlook by Rs 1,000 crore to Rs 4,000 crore for the fiscal year, and it will spend around Rs 4,000 crore as capex next fiscal year as well. The ongoing 3G services expansion in the five circles-- Northeast, Bihar, West Bengal, Orissa and Assam--where RCom lost 2G airwaves in the last auctions, is the main... Read More