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| | Teleglobe Loses Long-Term Funding Net Economy, The - Find Articles (Site not responding. Last check: 2007-09-08) |
 | | Teleglobe, the Reston, Va.-based backbone provider, today announced restructuring plans after news that its owner and main source of funding, Bell Canada Enterprises, was ceasing long-term funding to the company. |
 | | Teleglobe, which as recently as February began calling itself BCE Teleglobe, has received $350 million from BCE since December 2001, but will now only receive "short-term periodic" funding up to a maximum of $125 million. |
 | | Teleglobe saw a $16-million reduction in revenue for data services for the first quarter of 2002 compared to that of 2001, as well as a $15 million reduction over the same time period in voice revenue. |
| www.findarticles.com /p/articles/mi_zdtne/is_200204/ai_ziff25915 (295 words) |
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