France Telecom seeks 2 million investors

Article Abstract:

France Telecom is hoping to raise up to $8.9 billion through an Initial Public Offer (IPO) which could attract 2 million investors. The IPO will begin on May 27, 1997, and end on Jun 3, 1997. It is hoped to ensure maximum public participation in the offer by running a share reservation scheme. This will allow potential purchasers to apply for shares during the three weeks before the offer opens. Other privatisation plans in France include the sale of a 58% stake in defence electronics concern Thomson-CSF and a reduction of the government's stake in computer concern Bull.

Telephone Communication, France, France Telecom S.A., Going public (Securities), Initial public offerings

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Indonesian GSM licence

Article Abstract:

Several international telecommunications companies are competing for a minority share in PT Telkomsel of Indonesia, the state owned digital telecommunications operator. The company was set up by Indosat of Indonesia, the satellite telecommunications company and Telkom, the domestic telecommunications company. Telkomsel has been granted a licence to operate Global System for Mobile Communications (GSM) cellular telephone networks.

P.T. Telkomunikasi Indonesia Tbk, Indonesian Satellite Corporation Tbk P.T.

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Ireland reaches an historic decision

Article Abstract:

Telecom Eireann (TE) of Ireland, the state telecom company, is to have a 35% stake sold to a foreign partner. Negotiations with eight possible partners are to begin, including British Telecom, Bell Atlantic and Cable & Wireless. The deal is expected to be concluded by the second quarter of 1996, and may pave the way for other Irish privatisations.

Ireland, Telecom Eireann

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