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France Telecom Shopping Its Satellite Communications Operations
France Telecom submitted a proposal to sell its France Telecom Mobile Satellite Communications unit to private equity firm Apax, according to the Web site of the Federal Cartel Office, which oversees anti-trust issues in Germany.
The specifics of the filing were not immediately available, but a news report quotes a France Telecom spokesman acknowledging that discussions for the sale of the satellite arm were ongoing.
Apax holds ownership interests in satellite operators Inmarsat and Intelsat.
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