France Telecom Considers Options as Growth Slows

France Telecom may sell some of its smaller European operations as growth slows on the continent, Gervais Pellissier, chief financial officer said.

Aside from France, Poland and Spain, “all the other countries are involved in this review,” which will examine opportunities for consolidation as well as possible sales of operations, he said.

The obvious story is that growth in Africa and the Middle East is much more robust than in European markets.

Smaller European markets rose 1.2 percent in the first quarter, compared with a 5.8 percent rise in Africa and the Middle East excluding Egypt.

France Telecom Reviews European Assets as Growth Slows - Businessweek