- Agreement includes Equant Managed and Frame Relay services to support PROSA's Latin American business expansion over the next three years  -

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WASHINGTON and MEXICO CITY (Dec. 8, 2003) - Equant (NYSE: ENT) (Euronext Paris: EQU), an industry leader in global data and IP services for multinational businesses, has signed a three-year contract to provide frame relay services, hosting and network and telecommunications equipment management for PROSA in Latin America, including sites in Costa Rica, El Salvador and Puerto Rico.

PROSA, based in Mexico, is Latin America's largest manager of electronic transactions and one of the 12 largest such companies in the world. With more than 35 years in the Mexican market and with operations in four Latin American countries, PROSA manages electronic credit and debit card transactions for more than 20 financial institutions in Mexico. The PROSA switch processes the large majority of the card transactions carried out in Point of Sales Terminals and ATM machines in Mexico.

Equant, which has extensive experience in solutions for the financial market, will help PROSA expand its business to additional Latin American countries via a series of Managed Services and its data network, the largest in the region. The services provided by Equant will enable secure transmission of information generated by the electronic transactions among diverse financial institutions in the region and the users of ATM machines, credit and debit cards, no matter where they may be, ensuring that PROSA can continue to offer its clients world-class service levels.

Some of the benefits PROSA will enjoy with Equant Managed and Frame Relay services are:

- Regional and global reach.
- High reliability with the proven network infrastructure and top-level hosting centers managed by Equant.
- A significant increase in bandwidth for back-office applications.
- Management of regular network services.

"We are increasingly organizing our business around a regional operation, so having a secure network with large coverage, capacity and speed is vital for our position as a market leader," said Jose Molina, PROSA's general director.

"Our communications network has the potential for linking any device with any institution to transmit all types of information, both for Mexican and foreign customers," Molina said.  "Now, Equant will partner with us to continue expanding this network and strengthen our regional business.  According to our PROSA Quality Model, we choose our service providers very carefully and carry out continuous evaluation, because we consider this a very important part of our value chain in achieving the total satisfaction of our customers."

On behalf of Equant Mexico, General Director Hernan Garza said: "Our Managed Services and the reach of our data network will provide PROSA a cost-effective solution with high-speed connectivity among the dispersed sites where it carries out and calculates electronic transactions. Thanks to Equant Frame Relay, with availability in more than 125 countries, Equant will help PROSA continue to grow at the rate it has been growing over the last few years in Latin America. We are proud to see such a successful Mexican company in the international sphere."

Both PROSA and Equant have been recognized as leaders in their respective fields.  PROSA was the first financial sector company to receive in 1998 the ISO 9002 certification covering all of its principal processes and in 1999 the ISO 9001 for 100 percent of its processes.  PROSA also won the 2001 Mexican National Quality Prize and the National Technology Prize in 1999, the two highest distinctions by the Mexican government for the private sector.  The most recent recognition came in 2002 when the Organization for the Quality of the Asia-Pacific Region (APQO) in Beijing, China, accorded PROSA the status of "World Class Organization," the first Latin American company to receive this commendation.

Equant was recently recognized as "Best Global Carrier" for the second year in a row and as "Best Managed Service" for 2003 by the EMAP Communications Group and the European Competitive Telecommunications Association. In addition, Equant again received top honors in 2003 in the Telemark IP customer satisfaction survey.

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 more than 165 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 950 global businesses as of Oct. 1, 2003. Equant, a subsidiary of France Telecom, was named Best Global Carrier 2003 and Best Managed Service 2003 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, 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.

Equant Media Relations
North and Latin America
Fredric Emmert
+1 571 643 7114

Equant Investor Relations
Ashley Rayfield
+44 208 321 4581

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