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. In 2005, it was bought by the Indian industrial giant
Tata Group. During its life as a Crown corporation and as part of
Memotec Data, Teleglobe still maintained operations in
Canada. Earth stations were located across
Canada: •
Toronto,
Ontario – Eglinton Avenue and Pharmacy Avenue (site owned by Bell); Milner Avenue and Morningside Avenue •
Weir, Quebec •
Montreal,
Quebec •
Corner Brook,
Newfoundland and Labrador •
Port Alberni,
British Columbia Head office was in
Montreal and last located at Techno Park. Tata Communications Canada's head office is located at 1555 Rue Carrie-Derick in Montreal. After the American buyout, the head office was in
Reston, Virginia. In February 2006, the company was renamed to Teleglobe, a VSNL International Company, a unit of VSNL International, then an Indian
PSU. Having lost the monopoly as a long-distance carrier in 1997, Teleglobe is a diversified international telecommunications services with focus in voice, data and IP, and mobile signaling services. In February 2008,
Tata Communications announced that
VSNL, VSNL International, Teleglobe, Tata Indicom Enterprise Business Unit and
Cipris have been integrated under Tata Communications brand name. ==Locations==