France Telecom in €3bn share issue

On Wednesday 31st August France Telecom announced a €3bn ($3.7bn) share issue to help fund its acquisition of Amena, the Spanish mobile telephone operator.

The capital increase is the biggest rights issue in Europe so far this year and will further dilute the French state’s 34.9 per cent stake in France Telecom. In July France Telecom agreed to buy an 80 per cent stake in Amena for €6.4bn to strengthen its position in the Spanish marketplace.

The following two tabs change content below.

admin

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Nam dignissim magna vitae dui posuere eu feugiat augue eleifend. Fusce sed tincidunt quam. Donec varius aliquam metus ut semper. Donec augue purus, feugiat interdum malesuada vel, aliquet quis massa. Nulla facilisi. Nam vel ante quam, et tincidunt dui. Maecenas venenatis libero eu nulla tincidunt et accumsan velit sodales. Nam congue mauris et felis porttitor blandit. Nam eget tempor massa. Nullam suscipit gravida eros, ac suscipit magna feugiat sit amet.

Latest posts by admin (see all)