France Telecom S.A. (FTE)

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Paris-based France Telecom (FTE) is one of the world's largest telecommunications carriers. Across all of its businesses, FTE provides service to 121 million customers in 52 countries. The six operating segments of the company are: Fixed-Line, Distribution, Networks, Large Customers, and Carriers (43% of revenues) Orange S.A. (38%) Wanadoo S.A. (5%) Equant (4%) TP Group (8%) and Other Customers International (2%). In addition to standard fixed-line services, France Telecom also provides value-added services, such as voice mail, call waiting, callback, call-forwarding, three-way conferencing, and caller identification services. Fixed-Line Voice and Data Services outside France include the operations of Equant, a leading provider of global communications services for multinational businesses, and TP S.A., a Polish telecom operator.

The Orange S.A. segment includes the operations of Orange Plc, acquired by FTE in 2000. Orange Plc is a leading global wireless communications provider serving more than 55 million customers in 20 countries. The company conducts most of its Internet and multimedia activities through Wanadoo S.A. (FTE has more than an 85% stake in the subsidiary). Wanadoo is the second largest Internet service provider in Europe, with over 8.5 million customers, and the third largest European directory group.

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