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France Telecom to buy rest of Orange Slovensko shares

FRENCH telecommunications company France Telecom has agreed on the purchase of the remaining shares held by minority shareholders in Slovak mobile operator Orange Slovensko for $628 million (Sk20.5 billion), the SME daily wrote.

The French firm will now control 100 percent of Slovakia's leading mobile operator. Currently France Telecom owns a 63.88 percent stake in Orange.

"The transaction will enable France Telecom and Orange to consolidate their positions on one of Europe's crucial markets with an outlook for quick growth," said France Telecom in a statement.


Compiled by Martina Jurinová from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

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