French Government Sells France Telecom Stake

The French government sold a 6.2% stake in France Telecom to finance its debt. The price for the stake was EUR 3.4 bn. Concorde Capital: This information could be useful in calculating the possible price for the privatization of the government?s 42.9% stake in Ukrtelecom (UTEL: HOLD). Without taking into account the difference between UTEL and France Telecom’s sales structure ? FT obtains 54% of revenue from wireless segment, while UTEL provides no wireless services ?the P/S and EV/S multiples of the France Telecom deal imply a USD 2.3-2.7 bn range for UTEL’s stake.