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News | 12/16/2002 5:00 am EST

Government aid to France Télécom under attack
European regulators want an investigation into the legality of the French government’s bailout of France Télécom. The Chirac government pledged EUR 8.79 billion (nearly $14 billion) to the telco, which is also weighing a EUR 2-billion (about $3.1 billion) bond issue.
The French government holds a majority stake in the incumbent.

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