France Telecom is expected to become on 12 March the majority shareholder in Jordan Telecom with the purchase of an additional 11 per cent stake from the government. France Telecom already holds a 40 per cent stake in Jordan Telecom through the local JITCO, which is 88 per cent owned by the French operator and 12 per cent by Arab Bank. The government holds 41.5 per cent, while Jordan's Social Security Corporation owns 12.4 per cent and 6.1 per cent is listed on the Amman Stock Exchange.
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