French free France Telecom to raise cash
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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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French telecoms and media firm Vivendi   said on Friday it planned to raise 1-2 billion euros  in equity as its SFR mobile unit prepares to buy into Neuf  Cegetel and announces a bid for the rest.
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A cadre of buyout shops are expected to try to raise a total of &#36;45 billion for new European funds in the next year and a half.
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Un miliardo di euro da reperire per 'France Telecom'
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French industrial group Bouygues posts a rise in profits after its construction unit counters losses at its telecom arm.
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French bank Societe Generale SA hopes to raise nearly $8 billion in a heavily discounted rights issue launched Monday, designed to fill a gap in funds blamed on a massive trading scandal.
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French conglomerate wants to build its presence in domestic telecom market, confirming talks.
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HONG KONG China Netcom Group (Hong Kong), controlled by the second-largest fixed-line phone operator in China, has filed with US regulators to raise as much as $1.
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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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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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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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The French government plans to sell as much as 5.8 billion euros ($7.1 billion) of shares in France Telecom SA to reduce debt that breaches European Union limits.
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France is selling almost half its stake in Air France KLM, in a deal set to raise at least 700 million euros ($933 million), sources close to the operation said.
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Telecoms giant Telecom Italia is expected to pay 20bn euros ($26.7bn; Â£13.8bn) for the 44% it does not already own of its mobile arm.
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By Ross Tieman in Toulouse  The drive by French media and telecoms conglomerate Vivendi and its British partner Vodafone to usurp the dominance of historic operator France Telecom in the French telecoms market is gathering pace.
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France's President Nicolas Sarkozy suggests new taxes on internet and mobile phone use to fund advert-free TV.
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French mobile operator SFR has agreed to buy Neuf Cegetel  for around 2.05 billion euros ($2.95 billion) to bolster its investment capacity in high technology, notably fiber optics.