The Purchase of a Monopoly: France Telecom Acquires TPSA

Przemysław Kulawczuk
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Przemysław Kulawczuk: University of Gdansk and Institute for Private Enterprise and Democracy

Chapter 10 in Acquisition Strategies in European Emerging Markets, 2007, pp 133-146 from Palgrave Macmillan

Abstract: Abstract France Telecom (FT) acquired Telekomunikacja Polska S.A. (TPSA) in 2000, just before the economic slow down and a worldwide crisis in the telecommunication market. Despite the unfavourable timing, the acquisition appears to have been managed quite successfully under regulatory conditions that protected against entry in the core business, fixed line telephony. Thus, one might argue that FT bought a monopoly, which raises an interesting question: What was really bought: a telecommunication company or the monopoly?

Keywords: Mobile Telephony; Telecom Operator; London Stock Exchange; Telecommunication Market; France Telecom (search for similar items in EconPapers)
Date: 2007
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-28654-2_10

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DOI: 10.1057/9780230286542_10

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