TELECOMMUNICATIONS FRANCE TELECOM, the main French operator 20 October 1997 : first day France Telecom is quoted on the stock exchange in Paris and New York. In Paris, shares in the French telecommunications operator were at 215FF at the outset, and 206,50FF at close of day. Almost 40 million shares changed hands during the day. The shares were also well received on the New York Stock Exchange. They went to market at US$ 31 11/16, and reached US$34 11/16 at close of day, figuring among the five most active of the American Depository Receipt (ADR). 6 October 1997 : finally, the government set the price of France Telecom shares at between 187FF for institutional investors, and 182 FF for the general public. 22 September 1997 : the government set the price of France Telecom shares at between 170 and 190 FF for institutional investors, and between 165 and 185 FF for the general public. The reservation period runs from 23 September to 6 October. 8 September 1997 : sale of around 20% of France Telecom announced by D. Strauss-Kahn, Minister for the Economy, Finance and Industry, and C. Pierret, Secretary of State for Industry. Press file online. Photos Michel Delebarre’s report "The Stakes of the Future for France Telecom". Download. Mission letter sent to Michel Delebarre 17 July 1997 Law relative to France Telecom (n° 96-660 of 26 July 1996) Law on telecommunications regulations (n°96-659 of 26 July 1996) 1996 consolidated figures: breakdown according to activity Consolidated figures for 1994/1995/1996 Structure Status and composition of the capital of 25 European telecommunications operators. Document published by Idate News France Telecom Website © Secretary of State for industry - France Ministry of economy, finance and industry ---------------------------------- Secretary of State for industry Web Site for telecommunications, information technology and services, the postal sector Tel: 33 1 43 19 36 36 - Fax: 33 1 43 19 68 50 - © 1997 About this service - email : info@telecom.gouv.fr