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Technology Stocks : (LVLT) - Level 3 Communications -- Ignore unavailable to you. Want to Upgrade?

To: Don S.Boller who wrote (1948)	5/7/1999 10:33:00 PM
From: Kevin G. O'Neill	Respond to of 3873

Curious item... biz.yahoo.com Friday May 7, 4:20 pm Eastern Time Teleglobe to announce new technology NEW YORK, May 7 (Reuters) - Teleglobe Inc. (TGO.TO - news) (TGO - news), the world's third-biggest carrier of international voice traffic, said it will unveil on Monday a new technology that will help allow it compete with rivals such as Global Crossing Ltd. (GBLX - news) and Level 3 Communications Inc. (LVLT - news) Teleglobe will host a press conference at Manhattan's Plaza Hotel on Monday to outline its $5 billion announcement. Additional details were not immediately available. Montreal-based Teleglobe has direct links via a vast web of ocean-floor cables and satellites to 160 countries. The company has licenses to resell facilities-based telecom services in 23 countries. Teleglobe's $7 billion merger with Dallas-based Excel made it one of the largest long distance call providers in the United States. The company is transforming itself from a pure wholesaler into a retailer of telecom services. Bermuda-based Global Crossing has undersea and land-based fiber optic communications networks. Ohmaha, Neb.-based Level 3 is building an advanced communications network in the United States.