FT still not likely to up stake in buoyant TPSA

TPSA, citing France Telecom's (FT) annual report, has announced that that the French operator together with Kulczyk Holding has an option for the purchase of 10% the company's equity if the Treasury Ministry decides to sell TPSA's shares in a public offering. However, in March 2003, FT's new chairman Thierry Breton said the concern was not considering upping its stake in the national operator which it has the option to do. (www.onet.pl) J.K.