France Télécom yesterday added another 8 billion (£5 billion) of assets to its wish list of disposals in an attempt to shake its ignominious reputation as one of the worlds most indebted companies. ... Unveiling the second biggest loss in French corporate history, Michel Bon, the chairman, said the sales would help the company to cut its debt from 60.7 billion to as low as 45 billion by the end of 2003. In Europe, only Deutsche Telekom has more debt, with 62.1 billion weighing on its balance sheet. BT, the first big incumbent carrier in Europe to tackle its debt burden, is in the comparatively healthy position of owing just £14.5 billion. | 
