Reliance Communications (RCom) said on Monday that it plans to reduce its capex by one-third in the upcoming new fiscal year starting in April.

The company had earmarked Rs 4,500 crore in the present fiscal with Rs 3,200 crore already in the fiscal.

“The company invested over Rs 40,000 crore in the last four years towards expansion of network and operations across businesses in India and internationally,” said Group Managing Director Satish Seth.