Reliance Jio Spends Three Times More On Capex Than Rivals
The gap between what Reliance Jio Infocomm Ltd. spends on capex and its rivals is at its highest.
Mukesh Ambani-controlled telecom operator spent Rs 14,000 crore on capital expenditure in October-December, nearly three times the combined spend of Bharti Airtel Ltd. and Vodafone Idea Ltd., according to data compiled by BloombergQuint.
While capex fell for all operators, it dropped 47 percent year-on-year for both Bharti Airtel and Vodafone Idea. Reliance Jio’s spend fell 12 percent.