Moody's: France Telecom must reduce costs, set aside more cash

04/11/2013 | Bloomberg Businessweek

France Telecom needs to amp up its cost-reduction program and put aside more cash to save its already low debt rating, according to Moody's Investors Service. "[W]e think continued macroeconomic weakness and the resultant contraction of consumer spending will result in even more intense competition in 2013," Moody's Carlos Winzer wrote in a report published Wednesday.

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