By Tony Hallett, 6 September 2002 15:15
NEWS The future of France Telecom chairman Michel Bon looks ever less certain with a report in today's edition of Le Monde claiming that both the French president and prime minister want him replaced. The French state owns 54 per cent of the operator, which has international operations such as Orange, Equant and Global One as well as its domestic business. However, expansion over the past few years had resulted in a debt mountain of E60bn by the end of last year, a falling share price and now an expected loss of billions of euros. Today's article only cited unnamed sources.
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