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France Telecom (FTE) – 4.9% Dividend

France Telecom (NYSE: FTE)France Telecom’s (NYSE: FTE) heavy footprint in Europe is a concern, especially with the debt default jitters, yet the telecom business is fairly stable. At the same time, there is much opportunity with broadband and television services.

In fact, France Telecom has operations in the Middle East and Africa. Such areas should be a nice source of long-term growth.

France Telecom also has a cheap valuation, trading at only 7.8 times earnings.

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