Reliance Communications Ltd.,
The early payment will help Reliance Communications, controlled by billionaire Anil Ambani, save 7.5 billion rupees on an annualized basis. The company earlier this year had repurchase debt as prices of securities fell amid the global financial crisis.
Reliance Communications paid the money after completing the installation of its cell-phone network, based on the global system for mobile communications standard. Now, given that the GSM is rolled out, it’s likely that capacity expenditure isn’t going to be significant here on and Capex might have peaked.
Reliance Infratel to raise $1 billion in IPO: Further Reliance Infratel Ltd., the tower unit of
