The Group France Telecom committed on a reduction of the level of net debt when it announced the strategic plan NExT
in 2005. The group achieved its goal, posting a net debt to EBITDA ratio below 2x at the end of 2007, with one year in advance.
In this section you will find key information about the financing situation of
the group, including the ratings of agencies, the bonds issues as well as the
presentations to bond investors.