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French Version

Jordan Telecom takes over Global One

JORDAN TELECOM has taken over Global One. The $12.8 million takeover brings Jordanís largest Internet service provider under the umbrella of Jordan Telecom.

JORDAN TELECOM has taken over Global One. The $12.8 million takeover brings Jordanís largest Internet service provider under the umbrella of Jordan Telecom. Global oneís Internet customers make up 60 percent of the total number of Internet users in the Kingdom. Jordan Telecom CEO Pierre Mattei said Global one will greatly benefit from the network, technology and expertise Jordan Telecom enjoys because of itís affiliation with itís strategic partner: France Telecom. Mattei indicated that Jordan Telecomís infrastructure and itís efforts to build an IT network will strengthen Global oneís goal in providing quicker access and integrated solutions at competitive prices to all its customers, whether at home or offices or to other local and international work stations. Meanwhile, Equant Co. is to acquire the data business of Global One from France Telecom in exchange for newly issued Equant shares. The combination of the marketing strengths and entrepreneurial spirit of Equant and Global One in an organization with critical mass and true global reach, backed by France Telecom, will create a world leading data and IP service provider to deliver considerable value to business customers around the world.

Dr Shabib Ammari, chairman of Jordan Telecom, said the takeover is expected to boost Internet services in the Kingdom, especially now that Jordan Telecom is to decrease the price of Internet connection per minute due in August (Amman) and October (rest of the Kingdom.) Imad Ayoub, general manager of Global One, said the company under Jordan Telecom will continue its role as Jordanís leading Internet service and data communications provider. Jordan Telecom is owned by the government (60 percent) and a consortium between France Telecom and the Arab Bank (40 percent.) The government is entitled to sell its shares starting 23 January, 2002. Franceís investment in Jordan is $750 million, making it the leading investor country in the Kingdom.

Amman,13May2001
Lubna Khader
The Star


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