Reliance Communications today said it will invest Rs 1,500 crore in optimising telecom network and data services this fiscal.
"Our capex guidance for this fiscal is Rs 1,500 crore which will be invested mainly on network optimisation and data services. Out of this, we have already invested Rs 369 crore in this quarter (first quarter, financial year 2012-13)," a top RCom official said in a post-earnings call.
The investment will be made across the company's network in India as well as its global cable network.
The official added that the company is aiming to increase its market share in India data (internet) services market to the tune of 20-24 per cent over next 4-5 years.
An RCom official said its debt on books has also reduced to Rs 35,600 crore as on June 30, 2012.
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"Our capex guidance for this fiscal is Rs 1,500 crore which will be invested mainly on network optimisation and data services. Out of this, we have already invested Rs 369 crore in this quarter (first quarter, financial year 2012-13)," a top RCom official said in a post-earnings call.
The investment will be made across the company's network in India as well as its global cable network.
The official added that the company is aiming to increase its market share in India data (internet) services market to the tune of 20-24 per cent over next 4-5 years.
An RCom official said its debt on books has also reduced to Rs 35,600 crore as on June 30, 2012.
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