France Telecom Dumps PCS Stock

France Telecom divests its entire 5.4% stake in Sprint PCS in a $330M block trade handled by UBS Investment Bank

June 20, 2003

1 Min Read

PARIS -- France Telecom today announced that it had sold 56 million Sprint PCS shares through a block trade on the New York Stock Exchange through UBS Investment Bank. The transaction amounted to 330 million dollars.

This transaction allows France Telecom to finalize the divestment of its remaining 5.4% stake in Sprint PCS, as announced previously.

France Telecom SA

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