France Telecom says its debt won't derail some expansion

Article Abstract:

France Telecom S.A. said that its wireless and Internet expansion plans will not be affected by its increasing debt. However, the company's share value fell amidst concerns about France Telecom's heavy borrowing.

Strategy & planning, Management, Planning, Debt, FTE

Europe's telecom sector faces test on use of cash: several CEOs want money for purchases, but investors seek increased dividends

Article Abstract:

Investors and chief executive officers of Europe's telecommunications firms are at odds over how to manage excess cash resulting from a post-collapse bounceback. While CEOs want to use the money for acquisitions, investors want the money returned in stock buybacks or increased dividends.

Europe, Communications, Broadcasting and Telecommunications, Communications industry, Investor relations, Company financing

France Telecom reaffirms projections

Article Abstract:

The chief executive officer (CEO) of France Telecom SA, Michel Bon, reaffirmed the company's financial expectations for the 1999 year. Mr. Bon said that France Telecom's possible collapse of its partnership with Deutsche Telekom AG would not affect its financial goals. France Telecom is still committed to its Global One joint venture with Sprint Corp. and Deutsche Telekom. Mr. Bon believes the company will post between 6% and 10% revenue growth in 1999.

Comment:

CEO Michel Bon reaffirms company's financial expectations for 1999

Sales, profits & dividends, Abstract