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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