September 2, 2003 |
France Telecom, Europe's second-biggest phone company, offered $7.24 billion in stock for the stake it doesn't already own in Orange to benefit from faster profit growth at the wireless unit. France Telecom offered 11 of its shares for every 25 shares of Orange, the company said on a conference call. The offer for the remaining 13.8% of Orange values each share at $10.90, or 18% more than Friday's close. Orange shares jumped as much as 15%.
September 14, 2002 |
France Telecom, nearly drowning in debt and forced to hunt for new leadership after the resignation of its chairman, announced a record loss of nearly $12 billion in the first half and the end of its costly funding for German cell phone affiliate Mobilcom. The worrisome state of the French telecommunications giant's finances prompted the French government, France Telecom's majority shareholder, to announce that it would pump new cash into the company and not let it fail.
October 5, 1999 |
France Telecom, Europe's second-largest phone company, agreed to buy a 17.24% stake in German wireless company E-Plus Mobilfunk for $1.86 billion in cash to gain a foothold in Europe's biggest market. France Telecom bought the stake from Vodafone AirTouch and will seek to buy the rest of the company from its three other shareholders. E-Plus, Germany's third-largest mobile company, with 3 million subscribers, is owned by German utilities Veba and RWE, which together hold a 60.
November 21, 2000 |
France Telecom reached an agreement to acquire control of network service provider Equant, which it will merge with its Global One corporate telecom unit to create a powerful world leader in business data communications. France Telecom will acquire a 34% stake in Equant from airlines cooperative SITA for about $2.97 billion in stock and will invest about $1 billion in cash in the new group under the long-awaited deal. The French company will have a 54.
May 29, 2000 |
France Telecom could announce an agreement by Tuesday to buy Orange, Britain's third-largest mobile phone company, for as much as $45 billion, people familiar with the companies said. France Telecom, which has been in exclusive talks with Orange's owner, Vodafone AirTouch, might pay about two-thirds of the price in cash, assume about $9 billion of debt and pay the remainder in stock, the sources said.
July 12, 1999 |
France Telecom wants to get into the United Kingdom cable TV business and is interested in buying Cable & Wireless' 53% of its spinoff, Cable & Wireless Communications, said people familiar with the discussions. France's dominant phone company is eager to build its stakes in markets outside France. Two of the three major cable companies in the U.K.--CWC and Telewest Communications--are in merger discussions. The third, NTL, has said it will "play a very significant role" in cable consolidation.