Facebook to make capital investments worth $1.6 b

Social networking giant Facebook, whose user base is expanding primarily on the back of rising penetration in emerging markets like India and Brazil, will make capital investments worth $1.6 billion this year.

In the first half of this year, the California-based firm incurred a capital expenditure of $595 million on setting up data centres and storage infrastructure, among others.
Besides, Facebook shelled out $221 million on acquisitions and other assets such as patents.

“We anticipate making capital expenditures in 2013 of approximately $1.6 billion,” Facebook said in a filing to the US Securities and Exchange Commission (SEC).

Industry watchers feel that the company will be looking to capitalise on its user numbers and its mobile advertising base.

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