May 23, 2011
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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