Axiata ups capital expenditures to RM6bil this year

KUALA LUMPUR: Axiata Group Bhd expects to fork out RM6bil in capital expenditure (capex) this year, with a big chunk of it to be used to improve its network quality in Malaysia, Indonesia and Bangladesh.

This is an upward revision from the company’s earlier estimated capex of between RM5.5bil and RM5.7bil.