France Télécom (FTE) is the European equivilant of AT&T. The company truly dominates European phone market, which makes it a relatively safe investment. France Telecom has 4 key platforms:

1. fixed line telephone, mainly in France and Poland.
2. broadband access.
3. mobile phone telephony.
4. most recently, IPTV, though currently only in France and Spain, with MaLigne TV, now known as Orange TV.

I believe that the worst of the European crisis is over and that Europe could rebound in 2013. The stock’s makes 14% yield makes it a particulary attractive investment. The yield could boost an investor’s return while we wait for the European debt crisis to end. The company recently reported disappointing Q3 earnings. This can mainly be attributed to low cost phone operator Lliad. However, Lliad’s growth appears to be slowing, which could allow FTE to regain its share of the mobile phone market.