registration document France Telecom 2009 - Orange.com

19 related party transactions
See Note 33, Related party transactions in the appendix to the
consolidated fi nancial statements (Section 20.1).
France Telecom S.A. has entered into agreements with some
of its subsidiaries, including framework agreements, support
and brand licensing agreements, as well as service-related
agreements. In addition, cash management agreements exist
between France Telecom S.A. and most of its subsidiaries.
These agreements were entered into on an arm’s-length basis.
Subsidiaries operating under the Orange Brand
The subsidiaries operating under the Orange brand and Orange
Brand Services Ltd , indirectly wholly owned by France Telecom
S.A., have signed a brand licensing contract which gives them
the right to operate under the Orange brand. In line with this
contract, these subsidiaries pay a fee for use of the Orange
brand.
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