lower spectrum license capex going forward ?It seems that cost makes up the biggest chunk of capex every year . They only added 650,000 fibre passings this year and last year . Maximum spend on that must be below $3 billion(more rural areas , higher cost ) . Then they spent about $700 million per year on research. . Total capex for 2023,2024 will be about $9 billion . So the spectrum costs for just 2 years were around $4.5 billion depending on what they are spending on Maintenance capex
couldn't find a full breakdown of Capex costs in annual report