PRESS RELEASE 					FOR IMMEDIATE RELEASE

TELEGLOBE OBTAINS $US 1.25 BILLION
SENIOR CREDIT FACILITIES
Montreal, July 26, 2000 – Teleglobe Inc. (NYSE, TSE: TGO) announces the 
signature of 364-day senior credit facilities of $US1.25 billion subscribed by 
a syndicate of 10 US, Canadian and European banks. These facilities include a 
US$750M revolving facility originating from the US and a US$500M revolving 
facility originating from Canada. This new financing replaces the corporation’s 
facilities that were amended in May.

“We are very pleased by the strong support Teleglobe has received from the 
participating
banks,” said Michael Boychuk, Chief Financial Officer. “This financing will 
allow us to
accelerate the buildout of our GlobeSystem(sm) network.” GlobeSystem is a multi-
year, multi-billion-dollar strategic initiative which will increase the 
capacity of Teleglobe’s network 200-fold and which will provide 160 cities 
around the world with scalable broadband service platforms and link them 
through a seamless data network.
Teleglobe Inc. (NYSE, TSE: TGO) is a leading global provider of broadband 
services with the most extensive global Internet network. Delivering advanced 
broadband applications to
customers in more than100 countries 2000 --matching global reach with global 
depth -- Teleglobe is the premier communications architecture for the digital 
economy. For more information, visit www.teleglobe.com.
- 30 -
This news release may contain certain forward-looking statements that reflect 
the current views and/or expectations of Teleglobe with respect to its 
performance, business and future events. Such statements are subject to a 
number of risks, uncertainties and assumptions. Actual results and events may 
vary significantly.

For more information, please contact:

Hélène Baril 						Philip van Leeuwen
Director, Investor Relations 				Director, Corporate 
Communications
Teleglobe Inc. 						Teleglobe Inc.
514-868-8614 						514-868-7400
helene.baril@teleglobe.com 			
	philip.vanleeuwen@teleglobe.com