France Telecom has a strong set of assets and brands across its target markets and is delivering growth (largely through Orange) and reducing debt.

However its links with the French state remain too strong and have already aroused the interest of officials within the European Commission.

This 26 page profile answers your key questions about Deutsch Telecom including:

• What are the key success factors that will enable or prevent the company's stated strategy from work?
• How is the company performing against its stated strategy?
• How is the company performing relative to its peers?

• International strategy & analysis for Orange, Wanadoo, Equant and TP Group
• National strategy & analysis within domestic territories
• Mobile strategy & analysis: detailed analysis of Orange's activities in 23 countries
• Internet strategy & analysis; review of Wanadoo- number of customers and future strategy
• Management & reputation: company structure and ownership update
• Target customer segments and services offered to them
• Partnerships, Acquisitions and Disposals
• Detailed financials/revenue breakdown & growth.

• The number of leased lines supplied by France Telecom dropped by about 35,000 in 2003 (over 10%); what impact will this have on future revenues?
• France Telecom reduced its debt by €23.8 billion during 2003; geared for growth or damage limitation?
• Equant offers local support to customers in 165 countries: is this a viable business model for rolling out across the globe?

• Operators looking to benchmark their performance against their peers;
• Competitors looking to identify their rival's strengths and weaknesses;
• Suppliers and partners looking to gain a better understanding of the company.