France Telecom will not raise ECMS offer-report

PARIS, June 10 (Reuters) - France Telecom (FTE.PA) will not raise its offer to buy out the minority shareholders at Egypt's largest mobile phone operator ECMS, after Egyptian market authorities rejected it, a senior France Telecom official told the Financial Times.

Referring to the offer of 237 Egyptian pounds ($42.28) per ECMS share, Jean Yves Larrouturou, FT's head of international activities, said: "It is the highest possible level from my point of view. So after the refusal of the Capital Market Authority, I don't have any intention to increase this level,"

Larrouturou had made similar comments in interviews with Reuters in April and in May.

France Telecom and Orascom Telecom (ORTE.CA) (ORTEq.L), the Cairo-based mobile operator, are embroiled in a bitter dispute over the French company's attempt to secure full ownwership of ECMS.

ECMS is 51 percent owned by a holding company in which France Telecom has a 71.25 percent stake and OT has 28.75 percent.

(Reporting by Dominique Vidalon, Editing by Marcel Michelson)