France Telecom said it "seized a window of opportunity in the dollar bond market to continue to extend the maturity of its debt" by selling US$2 billion in notes (in two $1 billion tranches) at what are considered to be attractive, long-term rates.
France Telecom might soon need more than a spot of debt restructuring, according to a Reuters report which reveals how European Court of Justice Advocate General Niilo Jaaskinen has rejected an appeal by FT against an EU decision demanding the recovery of what it saw as illegal state aid to the operator. The amount to be paid back -- if the final ruling due in a few months' time goes against the operator -- could be as much as €1.1 billion ($1.6 billion).
Deutsche Telekom announced it has expanded its LTE service to 11 additional locations in the south of Germany, such as Dachau, Furth and Massing. DT says it plans to launch LTE in 1,800 locations by the end of this year. (See Deutsche Telekom Takes LTE to the City.)