| 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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HISTORY The company was, in 1950, a Canadian federal Crown Corporation 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 of its new owners. In 1992, Memotec changed its own name to Teleglobe Canada Incorporated . In 2000 Teleglobe Inc . was acquired by Bell Canada Enterprises , or BCE, which had already owned 23%. In 2002, BCE terminated its relationship with Teleglobe. BCE is now defending several litigations arising out of its abandonment of the Teleglobe business. It was then sold to two American buyers, New York City based Cerberus Capital LLP and Philadelphia based Ten-X Capital Partners LLC . Renamed again, it became Teleglobe International Holdings Limited with incorporation in Bermuda and its corporate office in Virginia. In 2005 , it was bought by the Indian industrial giant Tata Group . During its 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 . VSNL TODAY 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 Teleglobe, a VSNL International Company, a unit of Singapore based VSNL International , in turn a unit of Tata -controlled VSNL . Having lost the monopoly as a long distance 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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