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...