France Telecom CEO: No Major Acquisitions Seen
26 Mai 2009 - 5:44PM
Dow Jones News
France Telecom SA (FTE) doesn't plan any major corporate
acquisitions in the foreseeable future, Chief Executive Didier
Lombard said Tuesday.
Addressing the annual meeting, Lombard also said the French
telecommunications giant expects to post annual cash flow of EUR8
billion through 2011. Cash flow is the company's preferred
performance measure and also totaled EUR8 billion last year.
He said France Telecom hopes to pay annual dividends in the
future at a rate of 45% of organic cash flow.
Company web site: www.francetelecom.com
-By A.H. Mooradian, Dow Jones Newswires; +33 1 4017 1740;
art.mooradian@dowjones.com.