The FF50 billion sale of 35 per cent of France Telecom has been called into question after the Socialist party victory at last night?s parliamentary elections.
The out-going government had promised it would make public shares in France?s national telco in a bid to raise between FF30 billion to FF50 billion.
However, the Socialist party had told the electorate that it opposes some privatisations and wanted to keep its options open on partial stake sales. A party spokesperson refused to comment on the future of the sale.
Party leader, Lionel Jospin had previously said he would not go ahead with the sale of France Telecom, but late last week he said his government would take into account the wishes of the telco?s staff.
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