Equant mum on acquisition talks

Equant mum on acquisition talks

Global network provider Equant is staying quiet regarding speculation that it is in talks with numerous parties about the possibility of being acquired.

A company spokesperson declined to comment on the rumours and speculation, but according to the New York Times, talks are currently underway with Global Crossing of Bermuda. It is also believed Equant has been in merger talks with France Telecom for some time; however, the exclusivity period with France Telecom has expired.

A local spokesperson could not comment on the speculation, but said the three locally operating divisions -- Equant Network Services, Equant Integration Services and Equant Application Services -- would be acquired if the parent company, Equant NV, was purchased.

Meanwhile, Equant has continued to perform strongly, reporting a 50.3 per cent increase in first quarter revenues for 2000 compared with results from Q1, 1999. The organisation reported $US316.8 million in revenue and net losses for the quarter of 24.6 million.

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