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Teleglobe is sole North American Data and Voice Carrier to be granted facilities-based license in newly liberalized Hong Kong Telecom Market

Company will deploy satellite facilities to support growing Internet, data 
traffic demand

Reston, VA , January 24, 2000 - In a major step supporting the growth of its 
Internet and data traffic in the Asia Pacific market, Teleglobe (NYSE, TSE: 
TGO) today announced that it has been granted a facilities-based international 
license for the establishment of satellite-based telecommunications in Hong 
Kong. The license, granted by Hong Kong¿s Office of the Telecommunications 
Authority (OFTA), enables Teleglobe to deploy its own Earth station in Hong 
Kong for the provision of data, video, Internet and voice services. Teleglobe 
is the sole North American data and voice carrier to be granted a license.

«With direct access to the Teleglobe network via our planned satellite 
facilities, our customers will benefit from even greater cost-savings, quality 
and route diversity into and out of Hong Kong,» said John Cahill, president, 
Teleglobe International. «This license is another significant step in our 
continued expansion into the Asian market.

With a presence in Hong Kong since 1995, Teleglobe already holds licenses to 
provide international Internet, data and voice services to Carriers, Internet 
Service Providers, Content Providers and Businesses via the resale of bulk-
lease capacity provided by other Hong Kong carriers.

The Hong Kong market for international telecommunications traffic is the second 
largest in Asia, with about 1.7 billion minutes of two-way traffic estimated 
between Hong Kong and the rest of the world in 1998. Internet users in Hong 
Kong will grow from an estimated 1.1 million in 1999 to 2.6 million in 2004, 
according to technology consultants International Data Corp.

Teleglobe Asia-Pacific Presence
Teleglobe owns and operates one of the region¿s most extensive fiber optic 
cable networks. Teleglobe recently announced that, as part of its $US5 billion 
GlobeSystem(sm) network expansion plan, it is planning to make a significant 
investment as a founding partner in the new APCN-2 and Australia-Japan cable 
systems and is a founding investor in the China-US cable network. Teleglobe 
also holds interests in 20 other undersea cable systems in the region, has 
access to all major satellite systems serving the region and holds licenses and 
authority to own and operate facilities-based networks and/or resell 
telecommunications services in Australia, Hong Kong, Japan and New Zealand.

Teleglobe provides global connectivity services to more than 700 carrier 
customers worldwide, 100 of which are in the Asia Pacific region, as well as a 
growing number of Internet Service Providers, Content Providers and Businesses. 
Teleglobe¿s Asia Pacific customer base includes the China Education and 
Research Network, the Communications Authority of Thailand, DDI (Japan), IDC 
(Japan), Japan Telecom, KDD (Japan), New T&T (Hong Kong), New World Telephone 
Limited (Hong Kong), Singapore Telecom, Telstra (Australia), TV New Zealand, 
and WorldxChange (Australia).

About Teleglobe
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 than 100 countries - matching 
global reach with global depth - Teleglobe is the premier communications 
architecture for the digital economy. Teleglobe is currently enhancing its 
leadership position through GlobeSystem¿, a 5 year, US$5 billion strategic 
initiative providing 160 cities around the world with scalable broadband 
service platforms, and linking them through a seamless data network. 
GlobeSystem is the world's first globally integrated Internet, voice, data and 
video network. For more information, visit

For more information: 

Hélène Baril
Director, Investor Relations
Teleglobe Inc.
Tel. 1-514-868-8614

Jacques Deforges
Vice-President and Corporate Treasurer
Teleglobe Inc.
Tel. 1-514-868-7716

Philip van Leeuwen
Director, Corporate Communications
Teleglobe Inc.
Tel. 514-868-7400

Russ Ryan
Senior Director, Marketing Communications
Organisation 15
Tel. (703) 755-2371


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