Tata Communication in line for capex of $ 400-500 million

by admin on March 12, 2009

Tata Communication said that the company is in line for capex of $ 400-500 million in current fiscal. Capex for next fiscal is not finalised yet and the company hopes to maintain current level. Tata Communication has raised $ 350 million as debt so far. There is no funding constraint in business. The telecom major said that next 2 quarters are critical for telecom spend globally. However, bandwidth demand is not slowing down.

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