Teleglobe buys Williams lines for $200-million

Article Abstract:

Montreal, Que.-based Teleglobe Inc. has acquired a fiber optic network Tulsa, Okla.-based Williams Communications Group Inc. for $200 million. The 22,400-kilometer fiber optic network, which links thirty major cities in the United States, is currently under construction by Williams.

United States, Telegraph & other communications, Specialized Telecom Services, Wired Telecommunications Carriers, Other Communications Equipment Manufacturing, Fiber Optics Systems & Equip, Communications equipment, not elsewhere classified, Online services, Internet services, Fiber optic networks, Fiber optics industry, WMB, WilTel Communications Group Inc.

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BCE chairman assures Teleglobe shareholders

Article Abstract:

Jean Monty, the chairman of BCE Inc., has offered assurances to shareholders of Montreal, Que.-based Teleglobe Inc. in regard to BCE's acquisition of Teleglobe. Montreal, Que.-based BCE has been forced to seek emergency financing for the long-distance telephone company.

Financial management

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Teleglobe shareholders to vote on BCE offer

Article Abstract:

Montreal, Quebec-based Teleglobe Inc., which is a long-distance telephone company, has submitted BCE Inc.'s acquisition bid to its shareholders. Montreal, Quebec-based BCE offer approximately $7.6 billion for the 77% of Teleglobe it did not already own.

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