Rel Comm to invest $1.5bn in FY07BS Reporter / Mumbai November 1, 2006Telecom and communications major Reliance Communications (RCL) has earmarked a capital expenditure (capex) of $1-1.5 billion in the current financial year that would be used for overall operation and network expansion plans. Separately, the company also bagged enterprise data business from global internet majors including Google, Yahoo! and software major Microsoft, apart from banking major Deutsche Bank. Speaking to analysts on a earnings call, Anil Ambani, MD & chairman of Reliance Communications, said that the company has a capex guidance of $1-1.5 billion for the current year. However, an exact figrue would be announced in January next year. RCL would use the capex for furthering its IP-enabled connectivity, wireless and enterprise businesses and submarine cable activities across the globe. A part of it is also expected to be used for its 3G foray, with having options of pursuing WCDMA, EVDO at 800 MhZ and GSM at 1800 Mhz. "We will look at pursuing a technology on a cost and capital efficiencies," he said. The company has the world
