UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the Month of October, 1998
TELEGLOBE INC.
(Translation of registrant's name into English)
1000, rue de La Gauchetiere ouest, Montreal, Quebec H3B 4X5 Canada
(Address of principal executive offices)
(Indicate by check mark whether the registrant files or will
file annual reports under cover of Form 20-F or Form 40-F.)
Form 20-F _____ Form 40-F X
(Indicate by check mark whether the registrant by furnishing the
information contained in this form is also thereby furnishing the
information to the Commission pursuant to Rule 12g3-2(b) under the
Securities Exchange Act of 1934.)
Yes _____ No X
(If "Yes" is marked, indicate below the file number assigned to the
registrant in connection with Rule 12g3-2(b): 82-_______.)
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Teleglobe Inc. ("Teleglobe") and EXCEL Communications, Inc.
("EXCEL") entered into a Letter Agreement as of October 14, 1998 in
which EXCEL agreed that it would not constitute a breach of Section
7.1(f) (relating to certain termination rights of EXCEL) under the
Agreement and Plan of Merger, dated as of June 14, 1998, among
Teleglobe, North Merger Sub Corporation and EXCEL in the event that
BCE Inc. ("BCE") (which presently owns 24.9% of the outstanding
common shares of Teleglobe) should become an owner of in excess of
25% of the outstanding voting stock of Teleglobe, so long as BCE's
voting share ownership in Teleglobe does not exceed 33%.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act, of
1934, the registrant has duly caused this report to be signed on its behalf
by the undersigned, thereunto duly authorized.
TELEGLOBE INC.
By: /s/ Andre Bourbonnais
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Name: Andre Bourbonnais
Title: Vice-President, Legal Affairs
and Corporate Secretary
Date: October 22, 1998
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