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Friday, July 30, 2010

Financial Times
FRANCE TELECOM PLEDGES TO KEEP DIVIDEND
France Telecom eased investor concern on Thursday by announcing that a dividend of at least GBP1.40 a year would be maintained until 2012. The company reported a 45-percent increase in net profit to GBP3.7 billion (USD4.8 billion) in the six months to June 30, compared with the same period last year. Sales fell 2.2 percent, to GBP22.1 billion, on a comparable basis. Operating profit was six percent lower at GBP4.7 billion in the first half, in line with expectations. CEO St├ęphane Richard confirmed that France Telecom was in talks with Canal Plus, among others, for film content, FT writes.

US DIVIDED ON HOW TO TACKLE HUAWEI

Both Huawei’s recent narrow loss to Pace for the acquisition of 2Wire, even though Huawei had bid more, and to NSN for the purchase of Motorola’s networks unit are thought by people familiar with the situation to have been affected by questions over Huawei’s ability to win regulatory approval for the acquisitions. Both deals would have had to win approval from the Committee on Foreign Investment (CFIUS), an interagency panel that conducts highly-classified reviews of foreign acquisitions on national security grounds. People familiar with the process say government agencies are preparing themselves for a review of Huawei in the future given its stated desire to increase its presence in the US market, and that they remain divided on how to treat the matter, writes FT. 

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