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Money News

Reuters Summit - F.Tel CFO eyes emerging-market acquisitions

PARIS (Reuters) - France Telecom Chief Financial Officer Gervais Pellissier said the company was looking for medium-sized acquisitions in emerging markets, adding that some could be announced in the coming months.

“I can’t tell you the names of the countries we are working on. There will be a few more acquisitions on the African, Middle East footprint in the next couple of months,” the CFO told Reuters Insider TV at the Reuters Global Technology Summit in Paris on Thursday.

Pellissier added that if Indian telecom operator Bharti wanted to sell some of the Africa assets it recently bought from Middle-Eastern operator Zain, then France Telecom could be interested in them.

(For other news from the Reuters Global Technology Summit, clickhere)

Reporting by Leila Abboud and Marie Mawad; Editing by James Regan

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