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Hike in telecom capex expected in 2H09, though overall capex still down in 2009

Market research firm Infonetics Research has reported that global service provider capex (capital expenditures) hit a plateau at $298 billion in 2008, marking the end of a five-year investment cycle. This represented a 12.9% increase in capex spending from the previous year, with much of the growth due to currency appreciation against the US dollar, which peaked in July 2008. more

Related Tags: infonetics-research, capex, mobile-internet, weather, storm