NEW YORK (Standard&Poor's CreditWire) March 27, 2000--Standard&Poor's today affirmed its double-'A'-minus long-term corporate credit and senior unsecured debt ratings on France Telecom S.A. as well as its 'A-1'-plus short-term corporate credit and commercial paper ratings on the company. The outlook is stable. The ratings affirmation follows France Telecom's recent announcement that it has acquired 28.5% of the German telecommunications services provider MobilCom for Euro 3.74 billion in cash. MobilCom will continue to be listed on the German Neuer Markt, and France Telecom does not contemplate increasing its participation in the company in the near future. From 2003, France Telecom will have the option to increase its stake in MobilCom by acquiring additional shares. Together with MobilCom,
