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Orange — Capital/Financing Update 2008
Dec 8, 2008
1574_rns_2008-12-08_4650f1d7-f4d7-4700-bc74-46fd75eb7777.pdf
Capital/Financing Update
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press release Paris, 8 December 2008
France Telecom announces the outcome of its offer to repurchase OCEANE due January 1 2009
Following its November 25 press release announcing its undertaking to repurchase all outstanding Bonds Convertible and/or Exchangeable into New or Existing Shares due January 1 2009 (the "OCEANE") at a fixed price of 2,614.60 euros per bond, France Telecom announces that, between November 26 and December 2, 2008 (inclusive), 102,931 OCEANE were repurchased and cancelled, representing 23.10% of the initial issued amount and a total nominal amount of €265,664,911.
The OCEANE repurchased during this period are in addition to the off-market purchases made in September and November 2008.
Since the issuance of the OCEANE, France Telecom has repurchased 42.21% of the total amount initially issued. The number of outstanding OCEANE now stands at 257,505.
France Telecom reserves the right to continue to purchase OCEANE in the future.
Consistent with the group's active debt management policy, this transaction allows the early redemption byFrance Telecom of a portion of its OCEANE ahead of their expected January 1 2009 redemption date.
About France Telecom
France Telecom, one of the world's leading telecommunications operators, serves more than 177 million customers in five continents as of September 30, 2008, of which two thirds are Orange customers. The Group had consolidated sales of 52.9 billion euros in 2007 and 39.9 billion euros for the nine first months of 2008. As of September 30, 2008, the Group had 117.6 million mobile customers and 12.4 million broadband Internet (ADSL) customers. Launched in June 2005, the NExT program (New Experience in Telecommunications) will enable the Group to pursue its transformation as an integrated operator and make France Telecom the benchmark for new telecommunications services in Europe. In 2006, Orange became the Group's single brand for Internet, television and mobile services in the majority of countries where the company operates, and Orange Business Services the brand name for services offered to businesses worldwide. France Telecom is the number three mobile operator and the number one provider of broadband Internet services in Europe and one of the world leaders in providing telecommunication services to multinational companies.
France Telecom (NYSE:FTE) is listed on Euronext Paris (compartment A) and on the New York Stock Exchange. For more information: www.orange.com, www.francetelecom.com, www.orange-business.com
Press Contacts: + 33 1 44 44 93 93
Sébastien Audra – [email protected] Bertrand Deronchaine – [email protected]
DISCLAIMER:
This press release may not be published, distributed or transmitted into the United States. It is not, nor should it be construed as, an extension of a tender offer for any securities in the United States or any other jurisdiction where such offer or solicitation would be unlawful and no sell order for OCEANE may be accepted in the United States or from the United States. No means to tender securities on the French market may be provided from the United States or in the United States. Any person tendering securities pursuant to this procedure will be considered as having accepted any such restrictions.