Sweden's Millicom (MICC.O: Quote, Profile, Research, Stock Buzz) (MICsdb.ST: Quote, Profile, Research, Stock Buzz) said on Wednesday it expected capital expenditure to fall to about $1 billion in 2009 from slightly less than $1.4 billion this year. The telecom operator, which specialises in emerging markets, gave the figures in slides released on its Web site as it made a presentation at a conference in Barcelona.

The company in its third-quarter report released last month had said it expected capital spending of less than $1.5 billion in 2008 and that the 2009 amount would be "substantially lower".

Source:Reuters