France Telecom completes its acquisition of a 40% stake in Méditel
Casablanca, Paris, Having obtained all the necessary approvals, Fipar-Holding (Caisse de Dépôt et de Gestion group), Medium Finance (FinanceCom group) and France Telecom signed today the final agreement relative to the acquisition by France Telecom of a 40% share of the capital and voting rights of Méditel. This share will be consolidated into France Telecom’s accounts from 2 December by the equity method.
This share will be increased to 49% on 1 January 2015 at which time France Telecom will fully consolidate Méditel into its accounts.
About France Telecom
France Telecom, one of the world’s leading telecommunications operators, had total sales of 44.8 billion euros in 2009 (33.7 billion euros for the first nine months of 2010). At 30 September 2010, the Group had a customer base of 203 million customers in 32 countries. Orange, the Group’s single brand for internet, television and mobile services in the majority of countries where the company operates, now covers over 131 million customers. At 30 September 2010, the Group had 144.5 million mobile customers and 13.3 million broadband internet (ADSL, FTTH) customers worldwide. Orange is one of the main European operators for mobile and broadband internet services and, under the brand Orange Business Services, is one of the world leaders in providing telecommunication services to multinational companies.
With its industrial project, “conquests 2015”, Orange is simultaneously addressing its employees, customers and shareholders, as well as the society in which the company operates, through a concrete set of action plans. These commitments are expressed through a new vision of human resources for employees; through the deployment of a network infrastructure upon which the Group will build its future growth; through the Group’s ambition to offer a superior customer experience thanks in particular to improved quality of service; and through the acceleration of international development
France Telecom (NYSE:FTE) is listed on Euronext Paris (compartment A) and on the New York Stock Exchange.
Orange and any other Orange product or service names included in this material are trade marks of Orange Brand Services Limited, Orange France or France Telecom.
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