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France Telecom Boosts Share of Spanish Market

Posted on: Wednesday, 27 July 2005, 18:00 CDT

FRANCE Telecom today hoisted its share of the Spanish telecoms market to 17% with the e6.4 billion (Pounds 4.4 billion) purchase of a controlling 80% stake in Spain's number three mobile operator Amena

. The sellers - Union Fenosa, Endesa and Banco Santander - are keeping between 20% and 25% of Amena. France Telecom's Wanadoo arm already has 1.4 million customers in Spain.

Source: Evening Standard; London (UK)

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