France Plans to Cut Phone Stake
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The French government accelerated its privatization effort, saying it will cede control of its former phone monopoly.
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BONN - The German state announced plans Monday to reduce its stake in telecoms giant Deutsche Telekom by some 7 percent in a transaction which could generate revenue amounting to nearly EUR 4.5 billion.
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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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CanadaÂs second-largest telecommunications company said it would abandon its current stock ownership in favor of an income trust.
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European Union ministers adopted on  Thursday rules that will slash the price of making mobile phone  calls abroad in the 27-member bloc, after a year of wrangling  and heated debate, the EU&#39;s German presidency said.
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French conglomerate wants to build its presence in domestic telecom market, confirming talks.
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The Dutch private equity firm will sell the stake in the mobile telephone company to a Dutch investor.
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European Union ministers adopted on  Thursday rules that will slash the price of making mobile phone  calls abroad in the 27-member bloc, after a year of wrangling  and heated debate, the EU's German presidency said.
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France Telecom shares have fallen after the French government opted to reduce its substantial stake in the business.
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Plans to limit mobile phone call costs for consumers who travel abroad within Europe are attacked by the industry.
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Labor unions at Alcatel-Lucent, the telecommunications equipment maker, agreed to job-reduction plans in France, ending protests that included disruption of the companyâs shareholder meeting in June.
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France Telecom said Monday it will buy out minority shareholders from Equant NV to facilitate a drastic restructuring of the corporate networking subsidiary.
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Cingular Wireless, the nation's largest cellular phone company, plans to cut about 10 percent of its work force, or 7,000 jobs.
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EU telecoms ministers back rules that cut the charges for using mobile phones abroad.
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The Finnish government announced Wednesday it will reduce its stake in TeliaSonera, the Nordic region's largest telecommunications operator, by at least 5.3 percent with the sale of some 250 million shares, valued at about 1.15 billion euros (&#36;1.5 billion).
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Vodafone said today it remained keen on purchases in France, eastern Europe and Asia and Africa as it detailed annual cost cuts expected to reach Â£2.
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The French government sells 17.7% of its stake in Air France-KLM amid reports it may cut its holding in the airline to as little as 18%.