France Telecom, Publicis Said to Plan Joint Technology Fund
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France Telecom SA and Publicis SA agreed to set up a venture-capital fund focused on European technology startups, boosting support for the region’s entrepreneurs, two people with knowledge of the plan said.
The size of the fund may be greater than 100 million euros ($139 million), said the people, who declined to be identified before an announcement. The investment will probably be split equally between France’s biggest phone operator and the world’s third-largest advertising company, one of the people said. France Telecom and Publicis declined to comment.