KUALA LUMPUR: Celcom (M) Bhd, a wholly-owned unit of Axiata Group Bhd (formerly TM International), will spend RM700mil in capital expenditure this year of which RM300mil will be for upgrading its wireless broadband infrastructure.
Celcom chief executive officer Datuk Seri Shazalli Ramly said there was a dire need to expand the infrastructure as demand was fast outstripping supply. To him, no one expected the growth to be so robust and it was partly due to the current economic climate and sites such as Friendster and Facebook that were attracting people to connect to the worldwide web.