India's Reliance Comm expects capex to fall next Fiscal

India's Reliance Comm expects capex to fall next Fiscal-- September 30, 2008
Reliance Communications Ltd, India's second-biggest mobile operator, expects its capital expenditure to decline starting the fiscal year 2009/10, its chairman Anil Ambani said on Tuesday.
Reliance Communications is spending a total of 500 billion rupees ($10.7 billion) in the fiscal year ended March 2008 and in the current year to build its network. ($1=46.9 rupees) (Reporting by Rina Chandran)