This excerpt taken from the FTE 6-K filed Jul 27, 2005.
A major step in the roll-out of the NExT strategy: acceleration of the implementation of our strategy of an integrated European operator
This transaction is in line with the NExT program (New Experience in Telecommunications) and allows France Telecom to reinforce its strategy as an integrated operator in Europe. France Telecom will henceforth be in a position to launch convergent offers in broadband and mobile in a key European market. France Telecom España will study the opportunity of using, for its integration effort, a single strong brand: Orange.
One month after the launch of our strategy for 2005-2008 in the context of the NExT program, this transaction allows the Group to address the issue of growth in Europe. The European perimeter of NExT and the utilization of cash resources are clarified at the outset.