Wanadoo, the internet arm of France Telecom, is set to start selling shares that could eventually give the company a value of €20bn (£12.5bn).

The French phone giant plans to sell 97m shares to be priced at €17 to €20 from tomorrow (Friday). The banks heading the offering are understood to be Crédit Agricole Indosuez, Morgan Stanley Dean Witter and BNP Paribas.

Marc Sousley

France Telecom

BNP Paribas

Deutsche Telekom

Vodafone

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France Telecom's sets IPO for Wanadoo

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