Equant Holds its Revenues Steady in 2003

Equant reported full-year 2003 revenues of $2,949 million, in line with the company's financial guidance and approximately 1% below 2002. Network Services direct revenues grew by 8.3% and now represent 46% of the company's total revenues. Revenues from SITA were $641 million in 2003 declining from $714 million in 2002, mainly due to the expiry of the minimum revenue commitment. Full results are expected on 11-February-2004. http://www.equant.com