Post by
spacegimp on Mar 19, 2024 9:08am
Maintenance capex
The huge 'growth' capex of the last few years running at about $5 billion per year appears to have just kept revenues about even . Will they be able to reduce the capex number significantly and keep revenues and cash flow from falling significantly ? They say $500 million reduction per year in next few years . Can they get away with only spending $2 billion a year on capex thus strongly increasing free cash flow to maybe retire some debt/ preferred shares ?
Comment by
joebravo on Mar 19, 2024 9:14am
I believe that is the plan.
Comment by
Dibah420 on Mar 19, 2024 9:52am
If I remember correctly they immediately cut $1B capex in retaliation to CRTC's generous dole out of the company's infrastructure to newer entrants at firesale prices.