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.