financing
The Group pursues a debt reduction policy with the net debt/EBITDA ratio maintained at a level of less than 2 in order to preserve the independence and flexibility of the Group.
In parallel with this policy the Group has a proactive refinancing strategy to reduce the cost of debt.
At 30 June 2009, France Telecom had net debt of 34.734 billion euros, compared to 35.859 billion euros at 31 December 2008.
During the first half 2009 net debt was reduced by 1.125 billion euros.
In parallel with this policy the Group has a proactive refinancing strategy to reduce the cost of debt.
At 30 June 2009, France Telecom had net debt of 34.734 billion euros, compared to 35.859 billion euros at 31 December 2008.
During the first half 2009 net debt was reduced by 1.125 billion euros.
copyright France Telecom 2010
