Wednesday, May 12, 2010

France Télécom

France Télécom

• Up to 1988, France Télécom was known as the Direction Générale des Télécommunications, a division

of the Ministry of Posts and Telecommunications.

• It was privatized by Lionel Jospin's government in 1998

• In 1999, Mannesmann AG of Germany acquired Orange plc

• At the same time, Mannesmann itself was bought by Vodafone, a deal approved

by the European Commission on the condition that Vodafone divest Orange.

• In August 2000, France Télécom acquired Orange from Vodafone for € 36 billion

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