BCE Completes Acquisition of Teleglobe.Business Editors RESTON, Va.--(BUSINESS WIRE)--Nov. 2, 2000 Acquisition Creates a Truly Global Telecommunications and Internet Company Following Dramatic Repositioning of Teleglobe Business Teleglobe, Inc., an established provider of global Internet services, today announced that it has completed its transaction with BCE BCE abbr. 1. Bachelor of Chemical Engineering 2. Bachelor of Civil Engineering BCE Abbreviation for before the Common Era. (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). : BCE), Canada's largest communications company Communications Company is a communications unit of the United States Marine Corps. They are part of Combat Logistics Regiment 37 , 3rd Marine Logistics Group (3MLG) and III Marine Expeditionary Force (III MEF). The unit is based out of the Marine Corps Base Camp Smedley D. , whereby BCE acquired all of the outstanding shares of Teleglobe. The transaction marks the repositioning of Teleglobe as a premier 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 throughout Europe, Asia and the Americas providing customers in over 110 countries with one-hop connectivity for fast access to, and delivery of, Internet content worldwide. These features are a key component of GlobeSystem sm, a five-year, US $5.0 billion data and Internet global IP-based network initiative designed to deliver the first integrated Internet, data, video and voice network. "We are committed to Teleglobe because of the promise this dynamic network services Real time networking capabilities, such as adaptive routing, automatically reconfiguring the network when a node is added or deleted and the ability to locate any user on the network. platform holds. It will prove to be invaluable to all players in the Internet services market -- Internet Service Providers Internet service provider (ISP) Company that provides Internet connections and services to individuals and organizations. For a monthly fee, ISPs provide computer users with a connection to their site (see data transmission), as well as a log-in name and password. , Internet Content Providers, Application Service Providers, Carriers and global enterprises, said Jean C. Monty, Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of BCE and 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. "The GlobeSystem initiative is truly awesome, linking virtually all of the world's major markets and delivering content seamlessly, 200 times faster than Teleglobe's current fiber optic and satellite network, and we are very fortunate that BCE understands Teleglobe's potential to change the world of communications," said Terry Jarman, CEO of Teleglobe. "BCE support has enabled us to accelerate the deployment of GlobeSystem, and further strengthen our global Internet services. The end result will be a truly global capability enabling customers to profit and grow with the best Internet and data network solutions available. Teleglobe will be a premier global provider of those solutions." Teleglobe's Internet customer base already represents 11% of the world's Internet routes making Teleglobe among the top five Internet backbone (communications, networking) Internet backbone - High-speed networks that carry Internet traffic. These communications networks are provided by companies such as AT&T, GTE, IBM, MCI, Netcom, Sprint, UUNET and consist of high-speed links in the T1, T3, OC1 and OC3 ranges. providers in the world. Teleglobe is the backbone, which hundreds of successful ISPs, ICPs, Broadcasters and Carriers rely upon for reliable connectivity, hosting and content distribution capabilities. Teleglobe's superior network offers high quality, high-speed connectivity for IP, broadband, virtual private network, ATM, Internet telephony Another term for IP telephony and VoIP. In the late 1990s, some people made a distinction between Internet Telephony and VoIP: Internet telephony referred to voice over the public Internet, while VoIP referred to voice over private IP networks. and broadcast services. Teleglobe is the largest provider of international Internet access See how to access the Internet. to North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , and the largest provider of Internet access via satellite. Using its best-of-class caching and streaming technology Teleglobe provides a turnkey end-to-end solution (jargon) end-to-end solution - (E2ES) A term that suggests that the supplier of an application program or system will provide all the hardware and/or software components and resouces to meet the customer's requirement and no other supplier need be involved. Compare: turn-key solution. for the distribution of media in multiple formats through various devices. The powerful impact rich media has on the end users' experience leads to greater profitability and maximized results for the content provider. "Teleglobe recognizes the rising demand for global web content delivery, applications and commerce hosting services," said Berge Ayvazian, CEO 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 headquartered in Reston, Virginia. Jean Monty and Terry Jarman will remain Chairman and CEO respectively. About Teleglobe Teleglobe Inc. is a leading provider of global broadband, data and Internet services, enabling customers to maximize the potential of the Internet with established one-hop global connectivity, hosting and content distribution services. With the world's largest international Internet backbone, premier Tier One Internet peering arrangements, and a broad base of carrier, ISP (1) See in-system programmable. (2) (Internet Service Provider) An organization that provides access to the Internet. Connection to the user is provided via dial-up, ISDN, cable, DSL and T1/T3 lines. and ICP (1) (Internet Cache Protocol) A protocol used by one proxy server to query another for a cached Web page without having to go to the Internet to retrieve it. See CARP and proxy server. customers, Teleglobe is expanding its reach with GlobeSystem, a global network platform that will host a robust portfolio of Internet and data services. For more information, visit www.teleglobe.com. About BCE BCE is Canada's largest communications company. Through its operations in communications services, BCE provides residence and business customers in Canada with wireline and wireless communications products and applications, Internet access and high-speed data services, direct-to-home television services and electronic commerce solutions. BCE has an extensive international presence through Teleglobe, a leading provider of global broadband and Internet services. Through Bell Canada International, BCE also provides communications services to millions of customers mostly from Latin America. BCE shares are listed in Canada, the United States and Europe. |
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