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Europe Daily Bulletin No. 8540

12 September 2003
Contents Publication in full By article 38 / 49
ECONOMIC INTERPENETRATION / (eu) telecoms

To cut debt levels and focus on its core business, FRANCE TELECOM (debts of EUR 49.3 bn at the end of June 2003) has announced the sale of its businesses in Argentina and El Salvador for $343 million. It is selling its indirect stake in TELECOM ARGENTINA to Argentina's WERTHEIN for $ 125 millions. FRANCE TELECOM is selling it 48% stake (and 2% purchase option) in holding company NORTEL INVESTORA that controls TELECOM ARGENTINA in partnership with TELECOM ITALIA. In El Salvador, it is selling...

Contents

A LOOK BEHIND THE NEWS
THE DAY IN POLITICS
GENERAL NEWS
ECONOMIC INTERPENETRATION