France Telecom (ADR) (NYSE:FTE)
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The Company provides consumers, businesses and other telecommunications operators with a range of services including fixed telephony and mobile telecommunications, data transmission, Internet and multimedia, and other value-added services.
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FTE's hit some hard economic times on both the macro (euro-crisis) and micro (Iliad competition) levels. There's reason to believe that both these worries have been blown out of proportion, though, as Europe's economy begins to recover and Iliad fails to live up to clients' and analysts' expectations. With its expansion into new markets like Sub-Saharan Africa, FTE will only benefit from diversification in the years to come.