France Telecom CEO: Co Committed To Lowering Its Debt
27 May 2009 - 5:05PM
Dow Jones News
France Telecom (FTE.FR) is committed to lowering its debt and
has no plans for a bond issue, Chief Executive Didier Lombard said
Wednesday in an interview with BFM radio.
Lombard insisted that the French finance minister's Chief of
Staff Stephane Richard was "ideal" to replace him at the helm of
the operator in two years' time.
Richard has been appointed as he group's number two, and is
expected to become France Telecom's new CEO in 2011, after Lombard
retires.
Company Web site: www.francetelecom.com
-By Geraldine Amiel, Dow Jones Newswires; +33 1 40171740;
geraldine.amiel@dowjones.com;