Telecom service provider VimpleCom on Wednesday said its Capex (capital spending) rose 25 percent in the third quarter of 2013 to $1,040 million from $829 million in the same period last year.
During the first nine months of 2013, VimpleCom Capex decreased 3 percent to $2426 million from $2489 million.
VimpleCom says its Capex for the full year will be approximately 20 percent of revenue.
VimpleCom CEO Jo Lunder said the company would plan substantial investment in its mobile data networks in Russia in the final quarter.
Its capital spending in Q3 reflects the expansion of the mobile networks in Russia, Bangladesh and CIS, as well as the continued roll out of HSPA+ and backbone capacity to support data growth in Italy and acquisition of 3G license in Bangladesh.
In Italy, VimpleCom Capex reached EUR 153 million, which was invested primarily in the expansion of mobile HSPA+ coverage, capacity, and performance, as well as in the backhaul capacity to support the strong data growth.
source: www.telecomlead.com
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