<?xml version="1.0" standalone="no"?>
<!-- edited with XML Spy v2.5  - http://www.xmlspy.com -->
<acquisition-report>
	<bid-date>30 May 2000 </bid-date>
	<buyer>
		<company>
			<name>France Telecom </name>
			<capitalization>150 Billion Euros</capitalization>
			<headquarters>Paris, France</headquarters>
		</company>
	</buyer>
	<target>
		<company>
			<name>Orange</name>
			<headquarters>Bristol, UK</headquarters>
		</company>
	</target>
	<bid-type>agreed</bid-type>
	<bid-value>40 Billion Euros</bid-value>
	<report-info>
		<source>Orange website</source>
		<URL>www.orange.co.uk</URL>
		<report-date>31 May 2000</report-date>
	</report-info>
</acquisition-report>



