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Altamir and Amboise Investissement complete their investment in France Telecom Mobile Satellite Communications
Altamir and Amboise

Paris, 2 Novembre, 2006 – Funds advised by Apax Partners    France, together with Altamir and Amboise Investissement, have just closed the    acquisition of 100% of the shares of France Telecom Mobile Satellite CommunicationsSA (FTMSC).

FTMSC is one of the world's largest mobile satellite communications providers,    marketing and distributing communications solutions for customers based in areas    with limited access to terrestrial telecoms infrastructure. This deal will enable    FTMSC to consolidate its leading position on the international mobile satellite    communications market.

The transaction was financed with senior and mezzanine debt arranged by Barclays    Capital.

About France Telecom Mobile SatelliteCommunications

FTMSC's service operator strategy is based on long-term partnerships with    all leading mobile satellite communications operators (Inmarsat, Thuraya, Iridium    etc.). FTMSC combines their maritime and land mobile services with airtime,    hardware, in-house developed applications and customised solutions, offering    one of the most complete portfolios on the market.

In 2005, FTMSC posted revenues of 201 million dollars. With an overall    market share of approximately 20%, it is one of the world's leading provider    of Inmarsat, Thuraya and Iridium communications solutions and serves more than    100 000 customers through its global distribution network.

About Altamir and Amboise Investissement

Altamir and Amboise Investissement are two listed companies which were created    by Apax Partners respectively in December 1995 and at the end of March 2006.    Both are designed to co-invest and disinvest with the private equity investment    funds managed by Apax Partners France.
   Altamir and Amboise Investissement leverage    Apax Partners ' know how and investment strategy, which involves backing fast-growing    companies, at all stages of investment (LBO, growth capital, venture capital),    across its global sectors of IT & Telecoms,    Media, Healthcare, Retail & Consumer and Business & Financial Services.    
   Altamir is a SCR (Société de Capital Risque )    listed on the Euronext Paris Eurolist market, Compartment C, Ticker: LTA, ISIN:    FR0000053837.
   For further information:

Amboise Investissement is a SCR (S ociété de Capital        Risque ) listed on the Euronext Paris Eurolist market, Compartment C,        Ticker: AMB, ISIN: FR0010307348.
       For further information:

For further information, please contact:

Apax Partners SA – Marketing Department
Agathe    Heinrich
   Tel: + 33 (0)1 53 65 01 35

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