France's last minute call

Article Abstract:

The French government is expected to make $7.6 billion from its part-privatisation of France Telecom. The public will be offered an initial 211 million shares in the state-owned company, which is 21.1% of total shares. Employees will be offered a 20% discount on their allocation of 10% of the shares. A further 16 million shares would be offered globally. France Telecom has a turnover of $25.43 billion and has 165,000 employees, making it the fourth biggest in the telecommunications industry worldwide. Deutsche Telekom is expected to receive a share exchange of 7.5% of stock.

France, Privatization, Privatization (Business), France Telecom S.A.

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Jordan telecoms delay

Article Abstract:

Cable and Wireless of the UK is now the only bidder remaining for the 40% share of the Jordan Telecommunications Company, now that Southern Bell Corporation has withdrawn its bid. French cement company Lafarge will buy 20m shares in the Jordan Cement Factories Company Limited for JD3.6 (US$5.08) per share, which will make over US$102m for Jordan's Treasury.

Asset sales & divestitures, Acquisitions & mergers, Cement, hydraulic, Cement, Cement Manufacturing, Jordan, Mergers, acquisitions and divestments, Investments, LaFarge S.A., Cable & Wireless PLC, Southern Bell Telephone and Telegraph Co., Jordan Telecommunications Co., Jordan Cement Factories Company Ltd.

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Japan to launch NTT's fourth tranche

Article Abstract:

By the end of the year, Japan's Ministry of Finance will sell up to 1m shares of Nippon Telephone and Telegraph to raise an estimated US$8bn. In past Japanese issues, the allocations have been 55% domestic and 35% international, but it will not be known what the allocation will be until after pre-marketing.

Japan, Securities issued, listed, Nippon Telephone and Telegraph Corp.

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