New York, NY – February 11, 2005 – LAWFUEL – The Law News Network – Debevoise & Plimpton LLP is advising Equant N.V. in France Telecoms definitive agreement to purchase substantially all of Equants assets in exchange for the assumption of all of its liabilities and a cash payment of ┬1.26 billion. The special committee consisting of the independent directors of Equant is being advised by Cleary Gottlieb Steen & Hamilton LLP and De Brauw Blackstone Westbroek N.V.
Equant is a recognized industry leader in global communications services for
multinational businesses and combines its network expertise with its expanded
services capabilities to provide communication services to enable its customers’ key
business processes. France Telecom is one of the world’s leading telecommunications
carriers, with 121.5 million customers on the five continents. Debevoise & Plimpton
LLP is a leading international law firm with offices in New York, London, Paris,
Frankfurt, Washington, Moscow, Hong Kong and Shanghai.
The Debevoise team is led by partners Paul S. Bird in New York and Antoine F. Kirry