March 18, 2004 - Equant And Telebermuda International Announce Partnership To Serve Multinational Firms In Bermuda -- Partnership will leverage Bermuda’s role as a financial hub to target large multinational financial firms that need global coverage -- Equant (NYSE: ENT) (Euronext Paris: EQU), an industry leader in global communications services for multinational businesses, and TeleBermuda International Limited (TBI) have signed an important partnership to serve multinational corporations (MNCs) in Bermuda. TBI is an established international telecommunications carrier that provides long distance voice, data, Internet and collocation hosting services in Bermuda. Under the partnership, Equant will co-locate its network points of presence (POPs) with those of Telebermuda, making it the only global service provider with seamless IP and data coverage across the island. This added coverage through the Equant-TBI partnership will benefit large Equant customers, which have operations and business in Bermuda. Lee Greene, Director of Sales for TeleBermuda International Limited affirmed, "We formed the alliance with Equant because of its excellent IP and data coverage around the globe, outstanding quality of service, and its first-rate international reputation. Through this partnership, we will strengthen our portfolio of services and overall network reach." "Our clients understand the importance of doing business in Bermuda," remarked Helene Seiz, Vice President of Channel Markets. "Through our partnership with TBI, we will better serve our customers that do business in this important market and TBI customers that need to compete globally." With local support in more than 165 countries in 30 languages, provided by more than 3,000 skilled field engineers, Equant is uniquely positioned to serve the mission-critical needs of MNCs based or working in Bermuda. The TBI partnership further strengthens Equant’s highly successful Partner and Channel program, which includes more than 130 partners and other indirect sales channels worldwide. Indirect sales are an important complement to Equant’s direct sales efforts, helping to uncover opportunities in new markets, especially those experiencing growth. About Equant Equant (NYSE: ENT) (Euronext Paris: EQU) is a recognized industry leader in global communications services for multinational businesses. Equant combines its network expertise – with its unmatched seamless network reach in 220 countries and territories and local support in more than 165 countries – and extended services capabilities to provide global, integrated and customized communication services to enable its customers key business processes. Equant serves thousands of the world’s top companies, with the industry’s most extensive portfolio of communications services and network solutions, including the market-leading IP VPN used by nearly 1000 global businesses today. 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. About TeleBermuda International Ltd. TeleBermuda International Limited, (TBI) is an established international telecommunications carrier that provides long distance voice, data, Internet and collocation hosting services in Bermuda. During its seven years of operation in Bermuda, TBI has become recognized as a leading cost-effective supplier of telecommunication services, and has been responsible for delivering competitive pricing and services for the commercial, residential and international carrier services markets. TBI products and services include: TBiNET, a dedicated Internet service; International Private Leased Circuits; International Frame Relay Service; a world-class Server Co-location facility; as well as its international long-distance voice communication service. 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.