Teleglobe Expands Its Extensive Asia Pacific Reach and Capacity With First Fiber Optic Cable Network to Link Australia and Japan.

GENEVA--(BUSINESS WIRE)--Oct. 13, 1999--

Founding Partnership in Australia-Japan Cable Network Announced

Teleglobe's Partnership in Australia-Japan

Complements the Company's Recent Investments

in the APCN-2 and China-US Fiber Cable Systems

As part of its GlobeSystem(sm) network expansion plan, Teleglobe today announced that it is taking significant stake as one of three founding partners in a project to build a fiber optic cable network between Japan and Australia.

The Australia-Japan Cable, scheduled for completion in mid-2001, will be the first high capacity fiber optic cable network connecting the two countries. In addition to Teleglobe, the other founding partners are Australia's Telstra Corp. and Japan Telecom Co. Ltd.

The announcement was made at the Telecom `99 Show in Geneva, Switzerland.

"As one of the world's leading global carriers, Teleglobe is firmly committed to investing in undersea fiber capacity to meet Asia-Pacific's growing demand for global data, voice and video communication services," said Paolo Guidi, chairman and chief executive officer of Teleglobe Communications Corporation.

"Our founding partnership with Japan Telecom and Telstra in this project strengthens Teleglobe's current position as a top-tier provider of global connectivity and service creation in the region."

The 10,200 km cable network will originate in Sydney at the Paddington and Oxford Falls cable stations, and have landing points at the Tanguison and Tumon Bay cable stations in Guam, and the Maruyama and Shima cable stations in Japan.

Supporting data transmission services at an initial rate of 320 Gbit/s per fiber pair, the 2-pair cable network will be lit using DWDM (Dense Wavelength Division Multiplexing) technology and have 500 times more capacity than all of the existing cables connecting Australia to Asia and North America.

In Australia, the cable will interconnect with Tasman 2 at the Paddington gateway and with SEA-ME-WE 3 and PacRim West at Oxford Falls.

Trans-Australia links will interconnect it with Jasuraus and SEA-ME-WE 3 in Western Australia. In Guam, it will interconnect with the China-US Cable Network and the Guam-Philippines Cable System. In Japan, it will link into the Japan-US Cable Network and the China-US Cable Network.

Teleglobe Asia-Pacific Presence

Teleglobe also is a founding investor in the China-US cable network, due for completion at the end of 1999, and holds interests in 21 other undersea cable systems in the Asia Pacific region, including the APC, APCN, APCN-2, ASEAN, China-Japan, Flag, GPT, H-J-K, Japan-US, NPC, PACRIM, PC-1, R-J-K, SAT-3/WASC/SAFE, SEA-ME-WE 2, SEA-ME-WE 3, TASMAN-2, TPC-3, TPC-4, TPC-5 and T-V-H cable systems, giving Teleglobe one of the region's most extensive fiber networks.

Teleglobe also has access to all major satellite systems serving the region. Teleglobe also holds licenses and authority to own and operate facilities-based networks and/or resell telecommunications services in Australia, Hong Kong, Japan and New Zealand.

Teleglobe provides global connectivity services to more than 100 carrier customers in the region, as well as a growing number of Internet Service Providers, content providers and business customers.

Teleglobe's customers include the China Education and Research Network, the Communications Authority of Thailand, DDI (Japan), IDC (Japan), Japan Telecom, KDD (Japan), New T&T (Hong Kong), New World Telephone Limited (Hong Kong), Singapore Telecom, Telstra (Australia), TV New Zealand, and WorldxChange (Australia).

About Teleglobe

Teleglobe announced earlier this year that it is investing US$5 billion over the next five years to expand GlobeSystem, the world's first globally-integrated Internet, voice, data and video network. GlobeSystem will increase Teleglobe's currently installed network capacity by an estimated 200-fold.

Teleglobe Inc. (NYSE, TSE, ME: TGO) is a recognized leader in global telecommunications. Through its subsidiary Teleglobe Communications Corporation, the company develops and supplies global connectivity services to carriers, Internet service providers, business customers and content providers worldwide.

Through Excel Communication's proven marketing and distribution channels, Teleglobe also caters to an expanding international consumer customer base. According to TeleGeography, the company is the fourth-ranked long distance provider in the United States and, according to a recent KMI Corporation study, the third largest owner of undersea fiber optic cable systems.

Teleglobe has a 50% interest in ORBCOMM, the world's first commercial low-earth-orbit, satellite-based, data communications system.

Additional information is available at www.teleglobe.com.