Meantime France Telecom yesterday said it was undecided whether to object or welcome AT&T Corp’s decision to bid for a stake in Compagnie des Machines Bull SA: state-owned France Telecom is currently the second biggest shareholder in Bull with 17%, and plans to contribute its share of the last rights issue, $106m, before the new investors are brought on board; and an AT&T Europe spokeswoman denied the suggestion that the company would only proceed with taking a Bull stake if it won a telecommunications licence in France, but added that AT&T wanted to be able to offer some telecommunications services in France before US authorities gave the green light to a proposed link-up of France Telecom, Deutsche Bundespost Telekom and Sprint Corp.
