Frost & Sullivan Names Equant the Market Leader in European IP VPN Services.

Business Editors/High-Tech Writers

ATLANTA & LONDON--(BUSINESS WIRE)--Dec. 12, 2002

Says Equant is poised to garner 20-30 percent of the European

IP VPN market in 2003

Equant (NYSE: ENT) (Euronext Paris: EQU) has won the Frost & Sullivan 2002 Market Engineering Leadership Award for its leading position in the European IP VPN services market.

Equant won the award based on its increasing geographical presence, penetration of new products, and strong growth in its corporate IP VPN customer base.

"Equant is the market leader in European IP VPN services," said Niamh Spillane, European Market analyst at Frost & Sullivan. "As Equant remains debt-free and financially stable, Frost & Sullivan believes that it is in a prime position to achieve a 20 to 30 percent market share of the European IP VPN services market during 2003."

In considering award candidates, Frost & Sullivan analysts quantified several market factors, using interviews with market participants, customers, and suppliers, along with extensive additional research. Frost & Sullivan concluded: "The merging of Equant with Global One propelled the company forward into this lucrative position, and Equant's leading market engineering strategy has ensured that it retains that position in the face of aggressive competitive forces."

"We are honored to have been recognized by Frost & Sullivan for our leadership in IP VPN marketing," said Howard Ford, head of Markets and Sales, Equant. "Equant IP VPN is the key element in our long-term strategy of providing advanced IP-based solutions to large enterprises worldwide. It delivers the infrastructure that supports our customers' business-critical applications, driving growth and providing the platform for convergence services such as voice and video over IP."

Launched in August 1999, Equant IP VPN was the industry's first MPLS-based IP VPN solution and today is the most widely deployed, with availability in more than 140 countries. To date more than 650 major companies with 17,000+ locations have opted for the cost and performance benefits of Equant IP VPN, and more than 60 of these customers have also chosen Equant Voice for IP VPN. Equant's European-based IP VPN customers include: Alfa Laval, Allianz Group, Anglo-American PLC, Bosal, Brenntag, Carrefour, European Commission/TESTA, European Space Agency, Ficosa, Head Tyrolia Mares, Koninklijke Wessanen, M-Group, Renault Spain, Stream International, Sylvania Lighting, Trelleborg AB, Willis Group Holdings and Zumtobel.

Since its launch, Equant IP VPN has undergone continual development to ensure it meets the evolving requirements of multinational corporations. Equant was the first service provider to deliver IP VPN classes of service for both voice and data and has maintained its leadership by becoming the first global provider to introduce a specific class of service for IP video.

About Equant

Equant (NYSE: ENT) (Euronext Paris: EQU) is a recognized industry leader in global data and IP network and integration services for multinational businesses. The Equant network has unmatched seamless reach, connecting key business centers in 220 countries and territories, with local support in 191 countries. Building on more than 50 years of experience in data communications, Equant serves thousands of the world's top companies with the industry's most extensive portfolio of managed network services, including the market-leading IP VPN used by more than 650 global businesses. Equant, a member of the France Telecom Group, was recently named Best Global Carrier 2002 at the World Communication Awards and consistently leads industry surveys in corporate user satisfaction.

This release may contain projections or other forward-looking statements related to Equant that involve risks and uncertainties. Readers are cautioned that these statements are only predictions and may differ materially from actual future results or events. Readers are referred to the documents filed by Equant with the SEC, specifically the most recent filing on Form 20-F, which identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements, including, among other things, risks relating to Equant's history of operating losses, the unpredictability of growth in Equant's markets, Equant's rapid growth, changing technology, uncertain and changing regulatory restrictions, Equant's international operations, dependence on suppliers, network security issues, competition, and volatility of Equant's stock price and risks relating to the combination with Global One. All forward-looking statements are based on information available to Equant on the date hereof, and Equant assumes no obligation to update such statements.