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These strategic investments could not, for the most part, be financed through equity, leading to a significant increase of France Telecom's debt.
Today, France Telecom has over 125 million customers worldwide and its shares are traded in Paris and New York Stock Exchange. It is not anymore a phone company but an integrated company providing internet, fixed-lined, wireless phone and cable. In less than twenty years, France Telecom turned from a nationalized company only operating on a domestic market into a telecommunication giant, the number 1 European telecommunication company and does not intend to stop its development here...
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