How did France Telecom manage to get off the uncomfortable political hook when the French government, much against its wishes, suggested that it should subscribe for a big increase in the capital of Compagnie des Machines Bull SA? According to 01 Informatique, a bit of quick thinking by the board enabled it to come up with the excuse that it needed to reduce its own debt terribly sorry, we’d love to help you out of the hole Bull has dug for you, but we must cut our debt if we are to compete successfully with AT&T Co and British Telecommunications Plc on the world market.
