By Acquiring Global One, France Telecom Boosts Its Position On the Worldwide Corporate and Carrier Markets.Business &Technology Editors PARIS--(BUSINESS WIRE)--Jan. 27, 2000 Following the purchase of Global One, France Telecom announces today an aggressive strategy to boost its position as a global provider of worldwide services to multinationals and carriers. The acquisition of Global One also strengthens the other elements of France Telecom's international strategy: becoming a leading pan-European wireline-wireless-Internet carrier; and investing selectively in emerging markets with high-growth potential. &uot;This acquisition is a major step forward in France Telecom's international strategy,&uot; says Michel Bon Michel Bon is a French businessman and politician born in 1943. He is a graduate of the ESSEC, of the Paris Institute of Political Studies, of the École nationale d'administration and of Stanford Business School. He worked at the banks Crédit Nationale and Crédit Agricole. , Chairman and Chief Executive Officer of France Telecom. &uot;Using the synergies created by this deal, France Telecom together with Global One will move aggressively in the global corporate market. Our combination of global size and strong local presence will allow us to offer business customers something special: a unique, top-quality solution that truly answers all of their needs.&uot; France Telecom will seek all the regulatory approvals required. Global One: a worldwide brand for corporate solutions France Telecom plans to leverage Global One to create an integrated voice and data communications data communications, application of telecommunications technology to the problem of transmitting data, especially to, from, or between computers. In popular usage, it is said that data communications make it possible for one computer to "talk" with another. provider active worldwide in the corporate market. France Telecom will use the single &uot;Global One&uot; brand and will take advantage of the synergies between Global One and the France Telecom data division. France Telecom's strategic ambition in the global corporate solutions business is to become a key player in managed data networks and IP-based communication and hosting. Several factors make the France Telecom/Global One combination unique in the global corporate solutions business: best-in-class skills in communications services, including applications hosting and network integration, co-ordination of large customer projects worldwide, and seamless provision of all service components. France Telecom's strategy for the global corporate market is based on both worldwide reach and a strong local presence, particularly in Europe. Combining these two elements creates a comprehensive offer with the power to meet all the varied, and constantly changing needs of corporate customers. Global One strengthens France Telecom's carrier wholesale services business The acquisition of Global One allows France Telecom to develop a leading voice and IP carrier wholesale business, leveraging its extensive network reach, marketing and sales activity, as well as creating significant operating synergies. France Telecom's strategic goal is to become the leading European wholesale carrier for both voice and IP. The single ownership of Global One enhances an early turnaround In order to fully leverage all available synergies, France Telecom will focus Global One on two integrated businesses: global corporate solutions and global carrier wholesale services. Developing synergies with France Telecom's existing operations and network will turn EBIT EBIT See: Earnings Before Interest and Taxes EBIT See earnings before interest and taxes (EBIT). positive by 2002, based on Global One's activity today. The main sources of EBIT improvement will be the synergies with domestic French operations and European activities, in particular with the European Backbone Network A backbone network provides a path for the exchange of information between different LANs or subnetworks.[1] A backbone can tie together diverse networks in the same building, in different buildings in a campus environment, or over wide areas. . &uot;To achieve this transition, the major short term objective will be to implement a series of aggressive action plans addressing key management and operational issues,&uot; declared Daniel Caclin, who will soon be named CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Global One. &uot;The acquisition of Global One by France Telecom will enhance the excellent service Global One's customers already receive.&uot; Furthermore, all three original shareholders have signed guaranties ensuring continuity of service during a transition period of two years. About Global One Created in January 1996 as a joint-venture between France Telecom, Deutsche Telekom Deutsche Telekom AG (ISIN: DE0005557508, FWB: DTE, NYSE: DT, LSE: DEU, TYO: 9496 ) (abbreviated DTAG) is a telecommunications company headquartered in Bonn, Germany. It is the largest telecommunications company in Germany and in the EU. and Sprint, Global One is a leading corporate telecom service provider with revenues in 1999 of $1.1 billion. Awarded 'Best Carrier 1999' by the trade media and analysts, Global One is recognized as the most customer responsive company on its market. It offers international reach with sales presence in more than 65 countries. Global One customers number more than 30,000 companies, including UPS, Unilever, Coca Cola Noun 1. Coca Cola - Coca Cola is a trademarked cola Coke cola, dope - carbonated drink flavored with extract from kola nuts (`dope' is a southernism in the United States) , Hewlett Packard, Nortel Networks (Nortel Networks Limited, Brampton, Ontario, www.nortelnetworks.com) A world leader in telecommunications products, which includes switching, wireless and broadband systems for service providers and carriers, telephones and systems for residential and business users, computer telephony , Japan Tobacco International and Zeneca. Global One deployed a worldwide ATM-based network reaching more than 800 cities in 40 countries. With more than 1,400 access centers outside Germany, France and the USA, this state-of-the-art network provides an innovative portfolio of end-to-end solutions. Global voice, data and IP network solutions for multinational companies include services such as VPN (Virtual Private Network) A private network that is configured within a public network (a carrier's network or the Internet) in order to take advantage of the economies of scale and management facilities of large networks. , call centers, frame relay A high-speed packet switching protocol used in wide area networks (WANs). Providing a granular service of up to DS3 speed (45 Mbps), it has become popular for LAN to LAN connections across remote distances, and services are offered by most major carriers. , Lan-to-Lan, as well as Internet and Intranet solutions and the highly successful Global ATM. http://www.globalone.net About France Telecom France Telecom is one of the world's leading telecommunications carriers, with 1998 consolidated operating revenues operating revenue Revenue from any regular source. Revenue from sales is adjusted for discounts and returns when calculating operating revenue. Compare other revenue. of 24.6 billion euros and operations in more than 50 countries. France Telecom provides businesses, consumers and other carriers with a complete portfolio of solutions that spans local, long-distance and international telephony, data, wireless, multimedia, Internet, cable TV, broadcast and value-added services. France Telecom held an initial public offering in October 1997 and is listed on the Paris and New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of (NYSE NYSE See: New York Stock Exchange : FTE FTE Full-Time Equivalent FTE Full-Time Employee FTE Full-Time Equivalency FTE Full Time Employment FTE Foundation for Teaching Economics FTE Full Time Enrollment FTE For the Enterprise (SQL) FTE Fund for Theological Education ) stock exchanges. http://www.francetelecom.com Daniel Caclin is currently France Telecom's Executive Vice President for Data Business. In 1994, he was appointed Chairman and CEO of Transpac, a fully owned subsidiary providing Corporate Data networks and Internet services to large customers. From 1989 to 1994, he was head of a large region within the France Telecom national organisation. Prior to that, he held various positions of responsibility for France Telecom mostly in the commercial and financial areas. Aged 46, Daniel Caclin is married and a father of four. His hobbies, besides music, include 30 years' practice of mountain climbing mountain climbing, the practice of climbing to elevated points for sport, pleasure, or research. Also called mountaineering, it is practiced throughout the world. Types There are three types of mountain climbing. . |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion