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Rumor: Huawei to Raise USD 1.5 Bln

Securities Daily, 5/23/11

According to multiple industry sources, Chinese telecom equipment and terminal manufacturer Huawei will raise USD 1.5 bln in new financing, with approximately 10 banks competing to participate. When a journalist called a Huawei representative inquiring why Huawei was raising money or if Huawei was planning an IPO, the representative declined to comment at this time.

Keywords: financing IPO telecom Huawei telecom equipment

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