FT to sell satcom arm

13 Dec 2005

France Télécom is looking to sell its France Télécom Mobile Satellite Communications unit to private equity group Apax, according to Germany’s anti-trust issues watchdog, the Federal Cartel Office. Discussions for the sale are said to be ‘ongoing’. Apax already has ownership interests in satellite operators Inmarsat and Intelsat.

France, Orange Group