Govt trims stake in France Tele
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The French government today announced plans to sell a 9.6 per cent stake or 236 million shares in France Telecom via a placement to institutions, in a bid to reduce public debt.
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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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FRANKFURT/LONDON Oct 11  - Germany sold a 6.3  percent stake in phone operator Deutsche Telekom on Monday,  raising up to 4.5 billion euros ($5.6 billion) to help it curb  a burgeoning budget deficit.
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A France Telecom-led consortium on Friday took control of 51 percent of state-owned Telkom Kenya in a drive to expand its presence in Africa's burgeoning mobile phone and internet sectors.
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France appeared to have removed a threat  to one of Europe&#39;s largest energy deals on Sunday after the  boards of Suez and Gaz de France voted on a politically charged  merger delayed by disputes over strategy and control.
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The French government will give up at least five percent of its stake in France Telecom and use the money to reduce national debt, Economy Minister Christine Lagarde said in a statement Sunday.
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A consortium led by France Telecom on Friday took control of 51 percent of the state-owned Telkom Kenya in a move expected to boost internet services and set up a new mobile phone network in the east African nation.
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BT Group says the sale of its 15.8% stake in the Paris-based satellite operator Eutelsat is part of a strategy to focus on its core telephony business.
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The telecom company cuts medical benefits for its retirees.
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BT Group Plc, the UK&#39;s largest phone operator, agreed to sell its stake in Eutelsat SA for 363 million pounds ($685 million) in cash, marking the company&#39;s exit from the satellite operating business.
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Watch a movie or make a mobile phone call. Soon, in France, you might not be able to do both at once.
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Aug. 19 (Bloomberg) -- Swisscom AG, Switzerland&#39;s former phone monopoly, ended talks to buy a stake in Telekom Austria AG, after failing to resolve ``different interests.&#39;&#39; ...
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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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South African mobile phone operator MTN cuts its subscriber targets in Iran and Nigeria.
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France shed almost half of its 44 percent stake in Air France KLM on Thursday, kicking off a wider deal that could see its remaining stake cut to below
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Vivendi Universal, the entertainment and communications company, clinched a deal with the French government on Thursday that would reduce its tax bill by more than $4.
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The French government will sell a 9.6% stake in France TÃ©lÃ©com, taking its holding below 50%, announced the Ministry of the Economy, Finance and Industry.