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FSA monitors Enron in silence.

HAVING bought a string of overpriced assets at the top of the market, France Telecom executive chairman Michel Bon is now preparing a fire sale to pay for them.

The awesomely-indebted telecoms operator, which is 56% owned by the French government, is lifting its target for proceeds from disposals this year by pound sterling5bn to pound sterling10.6bn.

On Thursday, the company revealed a net loss for 2001 of pound sterling5.2bn after pound sterling6.4bn of exceptional write-offs. The loss was the second-biggest reported by a French company.

The Fre

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