Idea plans up to $500m share sale on June 5: Sources
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Mobile phone operator Idea Cellular Ltd plans to launch a share sale to raise as much as USD 500 million on June 5 to part fund its capital expenditure including a purchase of mobile radiowaves, three people involved in the deal said.
The Idea share offering is expected to be launched after the local market hours on June 5, said the people. They declined to be named as they were not authorised to speak about the deal which is not yet public.
An Idea spokesman declined to comment.
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