Telekom Malaysia Bhd
's capital expenditure (capex) for the financial year ended Dec 31, 2003, will drop to RM2bil from the RM2.7bil invested a year earlier, its chief executive Datuk Dr Khir Abdul Rahman said.
This was because of declining expenditures on cellular operations now that Telekom had sold its cellular unit, TM Cellular, to Celcom (M) Bhd.
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