| Teleglobe |
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Information AboutTeleglobe |
| CATEGORIES ABOUT VSNL INTERNATIONAL CANADA | |
| bell canada enterprises | |
| crown corporations of canada | |
| telecommunications companies of canada | |
| transatlantic telephone cables | |
| tata group | |
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The company was once a Canadian federal crown corporation in 1950 called Canadian Overseas Telecommunications Corporation (COTC). In 1975 the COTC was renamed Teleglobe Canada. After the 1984 election, Prime Minister Brian Mulroney began the process of privatizing crown corporations and Teleglobe Canada was one of the target assets. It was finally sold to a small telecommunications equipment maker Memotec Data Incorporated of Montreal in 1987 and Teleglobe Canada became a unit within their new owners. In 1992, Memotec changed their own name as Teleglobe Canada Incorporated . In 2000 Teleglobe Canada Inc . was acquired by Bell Canada Enterprises or (BCE), which had already owned 23%. Mounting cost and other business factors made the marriage undesirable and BCE would end the relationship in 2002 . It was then sold two American buyers, New York City based Cerberus Capital LLP and Philadelphia based Ten-X Capital Partners LLC . Renamed again as Teleglobe International Holdings Limited with incorporation in Bermuda and corporate office in Virginia. In 2005 , it was bought by the Indian industrial giant Tata Group . During the life as a crown corporation and as part of Memotec Data, Teleglobe still maintained operations in Canada . Earth stations were located across Canada :
Head office was in Montreal and last located at Techno Park. After the American buyout, the head office was in Reston, Virginia . Today, Teleglobe is no longer a Canadian company and now based in Hamilton, Bermuda For tax purposes. The Canadian operation consists of offices in Montreal and Toronto (2 locations). In February 2006 , the company was renamed to VSNL International Canada, a unit of Singapore based VSNL International . Having lost the monopoly as a long distant carrier in 1997 , Teleglobe is a diversified international telecommunications services with focus in voice, data and IP, and mobile signaling services. SEE ALSO EXTERNAL LINKS
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