Graham Russell Named Equant's Head of Financial Systems

Business Wire, Nov 26, 2001

Business Editors & High Tech Writers

ATLANTA--(BUSINESS WIRE)--Nov. 26, 2001

Graham Russell has been named head of Financial Systems by Equant (NYSE: ENT) (Euronext Paris: EQU) with responsibility for global consolidation of financial systems and processes.

John Allkins, chief financial officer of Equant, announced Russell's appointment today.

Based in Reston, Va., Russell will work closely with Equant Information Systems to successfully develop and implement systems that will deliver accurate and timely financial information.

Before joining Equant, Russell worked for NCR Corporation for 18 years. Most recently, he was based in Amsterdam as NCR's chief financial officer and director of Business Operations - Customer Services for Europe, Middle East and Africa. The Customer Services division of NCR grossed $800 million in revenue in 2000. He has also held positions with NCR in Florida, Ohio and Puerto Rico.

Before joining NCR, Russell worked for KPMG Peat Marwick in Kingston, Jamaica and Williamson & Dunn in Aberdeen, Scotland.

He is certified as a Chartered Accountant.

"Graham's broad corporate financial experience makes him uniquely qualified to lead the Financial Systems organization as we continue to improve Equant's finance infrastructure," said John Allkins, chief financial officer of Equant.

About Equant

Equant (NYSE: ENT) (Euronext Paris: EQU), which combines the resources of the former Equant and the former Global One, is a recognized industry leader in global IP and data services for multinational businesses, offering network, integration and managed services to global business. It has unmatched global reach with a seamless data network, connecting key business centers in 220 countries and territories, with local support in 145 countries. Building on 50 years of experience in data communications, Equant serves approximately 3,700 large business customers - including nearly two-thirds of the world's top 100 companies. Equant, a member of the France Telecom Group, meets the diverse needs of global companies with the industry's most extensive and proven portfolio of managed data network services. The combined Equant and Global One pro forma revenues were $2.76 billion in 2000.

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 and the submission on Form 6-K containing the shareholder's circular, 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.