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September 9, 2000 | ELIZABETH DOUGLASS, TIMES STAFF WRITER
Until this week, El Segundo-based Infonet Services Corp. was a small but growing player in the burgeoning data communications industry, better known overseas than in the United States. But the company's bid to buy European rival Equant, a much larger competitor, for as much as $9 billion, has dramatically raised its profile. Infonet, spun off from Computer Sciences Corp. in 1988, carries critical data traffic for some of the world's largest companies and booked $481 million in fiscal 2000 sales.
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BUSINESS
November 21, 2000 | Reuters
France Telecom reached an agreement to acquire control of network service provider Equant, which it will merge with its Global One corporate telecom unit to create a powerful world leader in business data communications. France Telecom will acquire a 34% stake in Equant from airlines cooperative SITA for about $2.97 billion in stock and will invest about $1 billion in cash in the new group under the long-awaited deal. The French company will have a 54.
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BUSINESS
November 21, 2000 | Reuters
France Telecom reached an agreement to acquire control of network service provider Equant, which it will merge with its Global One corporate telecom unit to create a powerful world leader in business data communications. France Telecom will acquire a 34% stake in Equant from airlines cooperative SITA for about $2.97 billion in stock and will invest about $1 billion in cash in the new group under the long-awaited deal. The French company will have a 54.
BUSINESS
September 9, 2000 | ELIZABETH DOUGLASS, TIMES STAFF WRITER
Until this week, El Segundo-based Infonet Services Corp. was a small but growing player in the burgeoning data communications industry, better known overseas than in the United States. But the company's bid to buy European rival Equant, a much larger competitor, for as much as $9 billion, has dramatically raised its profile. Infonet, spun off from Computer Sciences Corp. in 1988, carries critical data traffic for some of the world's largest companies and booked $481 million in fiscal 2000 sales.
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