Gov&#39;t Launches France Telecom Stake Sale
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France launched the sale of at least 9.6 percent of France Telecom, a move that could raise up to 5.8 billion euros ($7.1 billion) that will be used to help the French government reduce its national debt.
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France Telecom reported on Wednesday a bigger-than-expected profits leap in 2007 and looked forward to steady growth as it held up well in European markets and newer ventures overseas.
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PARIS : French trade unions called on workers at France Telecom to stage a 24-hour strike September 7 to protest government plans to privatize the public telecommunications operator, union sources said.
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France Telecom will start marketing Apple Inc.'s million-selling iPhone in France through its wireless arm Orange.
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HervÃ© Gaymard, France&#39;s new finance minister, yesterday made his first move towards reducing the state&#39;s hefty budget deficit by selling almost half of the government&#39;s holding in Air France-KLM for a total of â¬682m ($906m).
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France Telecom SA said Wednesday that 2007 net profit rose 52 percent on better margins and lower taxes, with its mobile phone businesses fueling sales.
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The French government asked two banks, France&#39;s Societe Generale SA and the Netherlands&#39; ABN Amro Holding NV, to handle the sale of the Air France-KLM stake involving some 48 million shares, according to a Finance Ministry spokesperson.
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France could tax new computer, television  and mobile phone sales by 1 to 2 percent to help fund its  state-owned TV channels, Les Echos newspaper reported on  Thursday.
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The French government is looking to raise up to â¬5.8bn to help pay its debts by selling some of its France Telecom shares. As this will reduce its shareholding to just over 40 per cent, the move will allow
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THE German government has sold a 6.3 per cent stake in phone operator Deutsche Telekom, raising up to Â£3.1 billion to help cut its growing budget deficit.
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The chief executive of state-controlled French electricity giant EDF said Tuesday that the sale by the government of a further stake in the group would be &quot;good news.&quot;
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France will sell up to 12.1 percent of France Telecom in Europe&#39;s largest share placement in four years, bringing as much as 5.75 billion euros ($6.
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FRANKFURT: Kreditanstalt fuer Wiederaufbau (KfW), the state owned bank that the German government uses as a vehicle for privatisation, is selling via the open market a stake of around seven percent in telecommunications giant Deutsche Telekom.
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Belgian telecommunications operator Belgacom said on Thursday it was selling its stake in the Belgian arm of French mobile operator Orange for 147.8 million euros (193.5 million dollars).
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THE French government accelerated its privatization effort yesterday, saying that it would sell as much as 12.1 percent of France TÃ©lÃ©com, the former state monopoly, and take its stake
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France will sell up to 12.1 percent of France Telecom in Europe's largest share placement in four years, bringing as much as $6.95 billion into state coffers.
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PARIS The French government formally ceded control of France TÃ©lÃ©com on Wednesday as it began the sale of up to E5.8 billion of shares in the second-largest European phone company.