[Montreal, CANADA] Teleglobe, an established provider of global
Internet services, has completed its transaction with BCE (TSE: BCE),
Canada’s largest communications company. BCE acquired all of the
outstanding shares of Teleglobe.
The deal marks the repositioning of Teleglobe as a major provider of
global data and Internet services and coincides with the recent
restructuring of BCE which positions Teleglobe as BCE’s strategic
initiative into the global market for connectivity, hosting, and
content distribution services.
Teleglobe’s multi-gigabit capacity backbone maintains extensive
public and private peering arrangements globally, providing customers
in over 110 countries with one-hop connectivity for fast access to
Internet content.
“Teleglobe will prove to be invaluable to all players in the Internet
services market — Internet Service Providers, Internet Content
Providers, Application Service Providers, Carriers and global
enterprises,” said Jean C. Monty, chairman and chief executive
officer of BCE as well as chairman of Teleglobe.
Teleglobe has already proceeded with the Company’s new business plan,
installing a new executive management team, pruning non-profitable
service lines and customers, and ramping up engineering and sales
staff to meet the growing needs of customers worldwide.”
Teleglobe’s Internet customer base already represents 11 percent of the
world’s Internet routes making Teleglobe among the top five Internet
backbone providers in the world.
It is the largest provider of international Internet access to North
America, and the largest provider of Internet access via satellite.
“Teleglobe recognizes the rising demand for global Web content
delivery, applications, and commerce hosting services,” said Berge
Ayvazian, chief executive officer of the Yankee Group. “The financial
support of BCE coupled with their expansive global network will
provide the means to capitalize on this market opportunity.”
Teleglobe operations are now headquartered in Reston, Virginia. More
background on the company is available at:
