[November 20, 2009] 'Svyazinvest CEO expects capex to reach RUB 33.4 bln in 2009' Tweet Nov 20, 2009 (DMEUROPE via COMTEX) -- Russian telecommunications holding company Svyazinvest expects that its capex will total RUB 33.4 billion by the end of the year, according to CEO Yevgeny Yurchenko, cited by RBC Daily. Of the capex, RUB 4.54 billion is allocated for development of tradition fixed telephony networks, RUB 11.6 billion for IT and new services and RUB 12 billion for infrastructure development. Investment in broadband, IP telephony, IPTV and IT projects with an expected return on investment period of 3 to 5 years will be done during 2010. Distributed for DMeurope.com via M2 Communications (www.m2.com) [ Back To TMCnet.com's Homepage ]