| Corporate | | | France Telecom may buy stake in Congo China Telecom | | | TT Correspondent | | 18 Jul 2011 | | |   As part its growth plan outside Europe France Telecom SA (FTE) is planning to buy a majority stake in Congo China Telecom, the African country’s fourth-largest mobile-phone company, according to a Bloomberg report.
France Telecom could later purchase the 49 percent of the operator owned by the Congolese government as part of a call for bids, in addition to ZTE’s 51 percent stake, said Beatrice Mandine, a France Telecom spokeswoman. Both transactions combined could represent an investment of about 300 million euros ($425 million), with an exact valuation hard to determine because the government tender hasn’t been completed, the report citing a person said. |
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