<p>Addressing shareholders at its AGM here, Reliance Communications Chairman Anil Ambani said, “We expect our capex to decline significantly starting this year and continue on a downward trend in the future, particularly in relation to the scale of our expanding operations.” <br /><br />Rel Infratel IPO<br /><br />Furthermore, Ambani said RCom’s telecom tower subsidiary Reliance Infratel is planning an initial public offer(IPO) and the company will shortly file the draft prospectus with market regulator Sebi, a top company official said. </p>
<p>Addressing shareholders at its AGM here, Reliance Communications Chairman Anil Ambani said, “We expect our capex to decline significantly starting this year and continue on a downward trend in the future, particularly in relation to the scale of our expanding operations.” <br /><br />Rel Infratel IPO<br /><br />Furthermore, Ambani said RCom’s telecom tower subsidiary Reliance Infratel is planning an initial public offer(IPO) and the company will shortly file the draft prospectus with market regulator Sebi, a top company official said. </p>
