France Telecom (FT) said it reduced its debt by 301 million euros...
France Telecom (FT) said it reduced its debt by 301 million euros by selling its 10.85% stake in Greek mobile telecom company Vodafone-Panafon to Vodafone International Holdings. FT said it completed sale at price per share of 5.28 euros.…
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FT also said it had acquired from Vodafone Group Plc cash settled option to cover its potential financial obligations under its 4.125% exchangeable notes due Nov. 29, 2004, for 10 million euros. That transaction will generate capital gain of 276 million euros, FT said.