FRANCE TELECOM and DEUTSCHE TELEKOM have signed an agreement on the divestment of their reciprocal shareholding. The French group will sell its 1.8% stake in DEUTSCHE TELEKOM between 15 December 2000 and 31 January 2001 at market rates. Further, between 1 January 2002 and 31 January 2003, FRANCE TELECOM will have an option to buy back the 2% share the German group owns in its capital.