Sprint

(FON)

extended its agreement with

Global One

, a venture of

France Telecom

(FTE)

, to provide international data services to multinational customers through 2003.

Sprint said the agreement also extends its ability to support overseas divisions of U.S.-based multinational corporations. The new agreement replaces an existing one-year distribution pact signed early this year. Global One will also have continued access to Sprint's data network services in the U.S.

Shares of long-distance provider Sprint were recently up 94 cents, or 4.1%, to $23.75 in trading on the

New York Stock Exchange

. France Telecom rose $6.94, or 8%, to $94.