Nuevo Grupo Iusacell (CEL) Message Board

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Technology Stocks : Nuevo Grupo Iusacell (CEL)

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To: Nancy Haft who wrote (53)	3/22/2000 10:40:00 PM
From: Rob Preuss	of 206

[CEL to raise $600 M in capital.] Wednesday March 22, 6:46 pm Eastern Time Mexico's Iusacell to sell $600 mln in debt, equity WASHINGTON, March 22 (Reuters) - Nuevo Grupo Iusacell SA (NYSE:CEL - news), a Mexican cellular phone company, filed on Wednesday to sell from time to time up to $600 million in debt securities, common stock and American Depositary Shares. The company said it would use the proceeds to fund the business of Iusacell and its subsidiaries, according to a shelf registration filed with the U.S. Securities and Exchange Commission. Its shares closed up 1/4 to 18-5/8 on the New York Stock Exchange.

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