BT shares plunge 18% on poor earnings outlook

Article Abstract:

British Telecommunications PLC (BT) saw its share value fall by 18% following the company's poor earnings forecast. BT also said it was planning to downsize 3,000 managers.

Management dynamics, Securities prices, Human resource management

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France Telecom's board approves purchase of Orange

Article Abstract:

The board of France Telecom approved the company's planned acquisition of Orange PLC. France Telecom will acquire the UK-based wireless carrier for approximately 25 billion pounds (40 billion euros) in cash and shares.

Asset sales & divestitures, Acquisitions & mergers, France, Radiotelephone communications, Cellular and Other Wireless Telecommunications, Mobile Radio Services, Mergers, acquisitions and divestments, Wireless communications services, France Telecom S.A., Orange PLC, FTE

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BT sells $10 billion in long-term bonds

Article Abstract:

British Telecommunications PLC (BT) sold off a record amount of long-term bonds during its worldwide bond offering. BT sold a record $10 billion (11.26 billion euros) in long-term bonds.

Sales, profits & dividends, Securities issued, listed

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