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EQUANT N.V.
France

The company is a leading provider of seamless international data network services to multinational businesses. The company is a single source for global desktop communications, providing managed data network services, network design and support services.

Primary Underwriting Group
ManagerTierPhone
Morgan Stanley Dean Witter Discover & Co.Lead Manager (212) 761-5900
Salomon Smith BarneyCo-manager (212) 723-7300

Offering Information
NYSE:ENT High-Tech: SIC 7379
Type of Shares:American Depositary Receipts Filing Date:6/19/98
U.S. Shares:10,400,000 Offer Date:7/20/98
Non-U.S. Shares:15,700,000 Filing Range:$18.50 - $23.00
Primary Shares:26,100,000 Offer Price:$27.00
Secondary Shares:0 Gross Spread:$1.42
Offering Amount: $541,575,000 Selling:$0.81
Expenses: - Reallowance:$0.10
Post-IPO Shares:198,000,000

Use of Proceeds
The proceeds from the proposed offering will be used to buy international network capacity, including purchases of indefeasible rights of use in links owned by third parties, and for the development of its corporate and service infrastructure, for improvement of its financial and management controls and customer service systems as well as for other general corporate purposes.

©1998 IPO Data Systems, Inc. - All rights reserved.