This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Infonet Revives Equant Acquisition Talks

Infonet Services (IN), which provides data communications services to large companies, is in serious discussions to acquire Dutch rival Equant (ENT - Get Report), according to The Wall Street Journal, citing people familiar with the matter. The Financial Times Web site first reported the revived talks, which have been on and off all summer.

The Journal said terms couldn't be determined, but Equant has a market capitalization of about $9 billion. Also, the two companies are still discussing financial aspects of the deal such as whether this will be a cash or stock transaction. Equant, which owns an airline reservation system that offers phone and data services, has been on the market for some time and is being encouraged by SITA, a consortium of the world's biggest airlines, which wants to get rid of its 33% stake in Equant. Earlier this year, the company was in talks with France Telecom (FTE) and Global Crossing (GBLX), but negotiations fell through when terms of the approximately $10 billion deal couldn't be agreed upon. Also, about a year ago Deutsche Telekom (DT) quit talks amid concerns of Equant's huge price tag.

For Infonet, the acquisition could realize huge cost savings for the company, which has a similar network, as well as additional customers.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
IN $10.00 -0.10%
ENT $12.51 0.72%
AAPL $118.44 -2.36%
FB $94.14 0.14%
GOOG $631.21 0.90%

Markets

Chart of I:DJI
DOW 17,598.20 -91.66 -0.52%
S&P 500 2,098.04 -5.80 -0.28%
NASDAQ 5,115.3820 -12.8990 -0.25%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs