Equant Realizes Immediate Benefits With Choice Logistics

Leader Enjoys Complete Visibility Of Inventory Transactions

NEW YORK, March 22, 2004 – Choice Logistics, Inc., a global leader of service asset supply chain solutions, and Equant, (NYSE: ENT) (Euronext Paris: EQU), an industry leader in global communications services for multinational businesses, today announced that Equant has experienced significant quantifiable inventory management benefits since tapping Choice Logistics’ leading third-party logistics infrastructure. Key milestones include inventory accuracy improvement, control of inventory shrinkage and noticeable savings on transportation for returns (i.e.: 2-day vs. next-day).

Equant faced several logistics challenges and recognized the need for a robust and scalable logistics solution with a proven infrastructure that would provide the inventory movement and available transactional data to satisfy the company’s stringent Service Level Agreements (SLAs). The logistics provider would also have to enable inventory reduction, support to field-services and standard, flexible, industrialized business specific reporting.

"The visibility provided by Choice coupled with Choice's ability to consistently meet our one, two and four-hour SLAs with a 99.9% accuracy rate has had a positive impact on our business," said Bob Wright, Purchasing & Supply Chain Management for Equant. "Our customers benefit from our ability to meet their needs by ensuring that we have the right part in the right place at the right time – Choice's committed team of logistics experts are to be commended for maintaining such a high level of SLA performance.”

“Choice is proud to work with a company of the caliber and respectability of Equant,” said Rob Kass, President of Choice Logistics. “The reputation of Equant as the leader in global communications services dictates the company’s commitment to service excellence. Choice’s leading infrastructure and complete visibility will continue to enable Equant to enhance its industry reputation and exceed the expectations of its clients.”

Choice is managing approximately three hundred Equant stocking locations globally and over thirty thousand disparate part numbers or SKU’s, while providing complete visibility to all aspects of inventory movement transactions.

About Choice Logistics
With over 240 strategic stocking locations (SSLs) around the world and 24x7x365 logistics services for direct management of mission-critical inventory assets, Choice Logistics is a preferred global provider of outsourced logistics and integrated inventory management solutions. Leading companies including Avaya, Cisco, EMC, Equant, Hitachi Data Systems, and others have selected Choice for their third party logistics needs. To learn more about Choice Logistics, visit www.choicelogistics.com; call (800) 593-2108, or e-mail info@choicelogistics.com.

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 1 000 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.

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