PARIS—France Telecom SA on Wednesday reported growth in first-quarter revenue and profit margins and said it is ready to seek acquisitions to enhance its presence in both emerging markets and Western Europe.
"All the necessary conditions are in place for the group to take part in the consolidation of the European sector," Chief Executive Didier Lombard said in a statement.
France's dominant telecommunications operator said last month it was considering possible Nordic acquisitions including Swedish company TeliaSonera and Norway's Telenor.
France Telecom Chief Financial Officer Gervais Pellissier, speaking in a conference call, said France Telecom is still interested, but has not opened talks with TeliaSonera.
France Telecom said when it looks at possible acquisitions, it is seeking synergies, stronger positions in new products and services, increased activity in emerging countries, and compatibility with business models and strategic priorities.
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