19 October 2017
Register now

Global One and Equant to merge

20 November 2000  |  2506 views  |  0 Global One and Equant to merge

France Telecom is to combine its Global One corporate telecoms operation with Equant, in a deal which will create a data and IP communications company serving 3700 large business customers.

The combined operation is aiming for a 20% market share in Europe for Internet protocol-based communications and managed data networks by 2004. Under the terms of the deal, France Telecom will acquire 80.6 million new Equant shares in return for Global One's data business and $300 million in cash.

The deal revives a long-standing interest in the Dutch-based telecoms firm by France Telecom which has promised to invest $1 billion in the new business. The merger is expected to deliver "substantial" revenue synergies and annual operating cost savings of $300 million by the third year.

The transaction excludes Global One’s card and carrier voice businesses, which will be retained by France Telecom. Corporate value-added voice services will be provided to customers of Equant/Global One on an agency basis says the French carrier.


Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Atriax FX market to link with Radianz network

Atriax FX market to link with Radianz network

07 November 2000  |  3322 views  |  0 comments

Related company news


Related blogs

Create a blog about this story (membership required)
visit www.capgemini.com visit www.innotribe.com

Top topics

Most viewed Most shared
Ripple looks to drive bank adoption with $300m XRP rebate programmeRipple looks to drive bank adoption with $...
15518 views comments | 12 tweets | 4 linkedin
Swift positive on blockchain, but big challenges remainSwift positive on blockchain, but big chal...
8710 views comments | 16 tweets | 22 linkedin
hands typing furiouslyHow artificial intelligence can deliver a...
8349 views 0 | 8 tweets | 9 linkedin
satelliteGates Foundation backs Ripple collaboratio...
7795 views comments | 13 tweets | 10 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
6962 views comments | 9 tweets | 17 linkedin

Featured job

London, UK (or flexible)

Find your next job