France Telecom

France Telecom buys stake in Equant from the Sita Foundation; Equant merges with France Telecom’s US subsidiary Global One. France Telecom advised by Jones Day Reavis & Pogue (Jere Thomson), Linklaters & Alliance, Nauta Dutilh and investment bank Rothschild & Cie. Equant advised by Cleary Gottlieb Steen & Hamilton, Allen & Overy and Morgan Stanley Dean Witter. Sita Foundation advised by Sullivan & Cromwell and Lazard Freres.