Teleglobe

VSNL International Canada or Tata Communications (Canada) ULC (formerly Teleglobe) is an international telco carrier. The company is a subsidiary of Tata Communications, part of India's Tata Group and based in Montreal. Part of their recent work has involved the updating of the CANTAT transatlantic cable system that connects the United Kingdom and Newfoundland under the Atlantic Ocean. The latest version of CANTAT, CANTAT-3, had a capacity of 5 Gbit/s in each direction across the Atlantic.

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.

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