20 April 2018
visit www.nextgenbanking.co.uk

Global One and Equant to merge

20 November 2000  |  2594 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  |  3388 views  |  0 comments

Related company news


Related blogs

Create a blog about this story (membership required)
Visit https://aciworldwide.webex.comVisit http://go.jumio.com/finextraAdVisit http://response.ncr.com

Top topics

Most viewed Most shared
Revolut launches spare change savings toolRevolut launches spare change savings tool
9488 views comments | 14 tweets | 19 linkedin
TransferWise becomes first non-bank to open settlement account with BofE RTGSTransferWise becomes first non-bank to ope...
8427 views comments | 17 tweets | 30 linkedin
Barclays Bank sets up tech venture unitBarclays Bank sets up tech venture unit
8256 views comments | 16 tweets | 22 linkedin
Goldman Sachs acquires PFM startup Clarity MoneyGoldman Sachs acquires PFM startup Clarity...
7842 views comments | 9 tweets | 10 linkedin

Featured job

Basic c. EUR 90K OTE c. EUR 180K plus full bene...
Paris (preferred) or London

Find your next job