Wednesday, February 9, 2005

France Telecom to Acquire 100% of Equant, Sell Stake in Directory

France Telecom signed a definitive agreement with Equant for the acquisition of all of the assets and liabilities of Equant for a total aggregate consideration of EUR 578 million for the portion not yet owned by France Telecom. The deal represents an implied share price to Equant shareholders of EUR4.30 per share.

Separately, France Telecom finalized the sale to institutional investors of 22,303,169 shares of PagesJaunes that it holds directly, representing 8% of the capital of PagesJaunes Groupe, through an accelerated placement. The placement was successfully completed at a price of EUR 19.75 per share.


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