extended its agreement with
, a venture of
, 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.