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France Telecom Sells Biz

France Telecom signed an agreement to sell its entire stake in France Telecom Mobile Satellite Communications SA

July 24, 2006

1 Min Read

PARIS -- On July 22, 2006, France Telecom signed an agreement to sell its entire stake in France Telecom Mobile Satellite Communications SA to investment funds managed by Apax Partners SA for a consideration of 60 million euros.

The completion of the transaction is subject to suspensive clauses and notably to the completion of prerequisite regulatory authorizations.

Orange (NYSE: FTE)

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