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A Possible Bump for FTE?

|Includes: Orange (ORAN)

Telecom has been one of the lagging sectors, this year, and France Telecom has suffered an additional headwind, as whatever the Euro is doing, tends to impact the ADRs.

But the Dow Jones Newswire reported today, that FTE will be able to sell Apple's iPad in all of its stores from early December, through Christmas. Given the popularity of the iPad, this can only be good news for FTE.

Let me say, I've owned FTE for sometime, and my reason for entering the position was that FTE is very aggressive in expanding its presence in various emerging markets, the MENA bloc (Middle East, Northern Africa), specifically.

Souce: Dow Jones Newswire


Disclosure: Long: FTE