It says here that BCE — which, among other things, owns [indirectly] Island Tel, The Globe and Mail and CTV — has “cease[d]
further long-term funding to Teleglobe Inc.”.
I have no idea what this means, but I have a hunch it means that all is not well in the Kingdom of Teleglobe.
I’ve never been entirely sure what Teleglobe actually does. I know that they own the trademark for Canada Direct, a service which allows Canadians to call long distance from foreign countries using a Canadian operator. And I have some vague memory that they might be responsible for all international calling from Canada too, but I’m not sure about this.
Can anyone fill in the blanks?