Teleglobe Announces Resignation of Non-Executive Chairman.HAMILTON, Bermuda -- Teleglobe International Holdings Ltd (Nasdaq:TLGB(E)) announced today the resignation of Tom I. Evslin as non-executive Chairman and director. Mr. Evslin is the former Chairman, Chief Executive Officer and President of ITXC (Internet Telephony Exchange Carrier Corporation, Princeton, NJ, www.itxc.com) The largest IP exchange carrier in the world. ITXC was acquired by wholesale telco provider Teleglobe Bermuda Ltd. in 2004 and then by Videsh Sanchar Nigam Ltd. Corp., which was acquired by Teleglobe in a stock for stock merger transaction that was consummated con·sum·mate tr.v. con·sum·mat·ed, con·sum·mat·ing, con·sum·mates 1. a. To bring to completion or fruition; conclude: consummate a business transaction. b. in May 2004. About Teleglobe: Teleglobe International Holdings Ltd is a leading provider of international voice, data, Internet and mobile roaming The ability to use a communications device such as a cellphone or PDA and be able to move from one cell or access point to another without losing the connection. services with over 50 years of industry expertise in international telecommunications. Teleglobe became a public company trading on the NASDAQ under the symbol TLGB with the acquisition of Voice over IP (VoIP) network leader ITXC Corp. on June 1, 2004. Teleglobe owns and operates one of the world's most extensive telecommunications networks A telecommunications network is a of telecommunications links and nodes arranged so that messages may be passed from one part of the network to another over multiple links and through various nodes. , reaching over 240 countries and territories with advanced voice, mobile, and data services. Teleglobe is the carrier of choice to more than 1,200 wholesale customers representing the world's leading telecommunications, mobile operators and 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. . Carrying over 11 billion minutes per year, and a significant portion of the world's Internet traffic Internet traffic is the flow of data around the Internet. It includes web traffic, which is the amount of that data that is related to the World Wide Web, along with the traffic from other major uses of the Internet, such as electronic mail and peer-to-peer networks. , Teleglobe's network is consistently ranked among the most robust and reliable, performing at the high end of industry standards. Detailed information about Teleglobe is available on the company's web site at www.teleglobe.com. |
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