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March 7, 1993

ALCATEL WOULD BE INTERESTED IN FRANCE TELECOM STAKE

By CBR Staff Writer

In an interview last week on the French radio station France Inter’s RadioCom program, Alcatel Alsthom NV president Pierre Suard indicated he did not rule out taking a stake in France Telecom if the latter is privatised by the next administration: I don’t think the question has been posed today, but when it is, I can tell you that we will study it very seriously, Suard said – It is essential that France Telecom has a structure that enables it to extend itself beyond France and I think that can come from a new shareholder; there is industrial logic in the ‘world’s number one manufacturer of telecommunications equipment’ owning a stake in a telecommunications operator, he added – It is the Anglo-Saxon logic; AT&T is constructed on that basis, but up to now, it has not been European logic, he said.

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