TELEGLOBE

TELEGLOBE
France Telecom

March 14, 2005 09:02 ET

Teleglobe and France Telecom Sign Interconnect Agreement to Exchange Global Signaling Traffic


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: TELEGLOBE

NASDAQ SYMBOL: TLGB

AND FRANCE TELECOM

NYSE SYMBOL: FTE

MARCH 14, 2005 - 09:02 ET

Teleglobe and France Telecom Sign Interconnect
Agreement to Exchange Global Signaling Traffic

HAMILTON, Bermuda--(CCNMatthews - Mar 14, 2005) -

Mobile Operator Customers to Benefit from Reliable, High Quality
International Signaling at Competitive Costs

Teleglobe International Holdings Ltd (NASDAQ:TLGB), a leading provider
of international telecommunications services to carriers and Internet
service providers, today announced that the company has signed a
C7(1)/SS7(2) interconnect signaling agreement with France Telecom's
wholesale division. Under the agreement, Teleglobe and France Telecom
will convert and exchange the international signaling traffic enabling
subscriber authentication, postpaid and prepaid roaming, inter-carrier
SMS (short message service) delivery, and other SS7-based services.

Teleglobe and France Telecom's signaling networks provide access to
hundreds of mobile networks in almost every country in the world. Both
companies' mobile operator customers will benefit from reliable, high
quality international signaling at competitive costs as a result of the
deal.

"Teleglobe was an obvious choice of interconnect partner due to its
quality of service and extensive international signaling capabilities,"
said Claire Paponneau, Executive Vice President, International Carrier
Services and Sales, at France Telecom's wholesale division. "The
reliable global signaling transport and conversion provided by both
companies enable our respective mobile customers to easily offer global
mobile roaming and SMS services to subscribers."

"Like Teleglobe, France Telecom is one of the few carriers offering
international signaling conversion services to mobile operators," said
Christian Michaud, Vice President of Corporate Marketing at Teleglobe.
"Connecting to Teleglobe or France Telecom enables mobile operators to
benefit from the high quality and extensive connectivity of both
companies' international networks. The quality and reliability operators
receive allow them to concentrate on increasing their subscriber bases
and expanding their service portfolio."

About Teleglobe:

Teleglobe International Holdings Ltd is a leading provider of
international voice, data, Internet and mobile roaming services with
over 50 years of industry expertise in international telecommunications.
Teleglobe became a public company trading on the Nasdaq under the symbol
TLGB with the acquisition of Voice over IP (VoIP) network leader ITXC
Corp. on June 1, 2004.

Teleglobe owns and operates one of the world's most extensive
telecommunications networks, reaching over 240 countries and territories
with advanced voice, mobile, and data services. Teleglobe is the carrier
of choice to more than 1,200 wholesale customers representing the
world's leading telecommunications, mobile operators and Internet
service providers.

Carrying over 11 billion minutes per year, and a significant portion of
the world's Internet traffic, Teleglobe's network is consistently ranked
among the most robust and reliable, performing at the high end of
industry standards. Detailed information about Teleglobe is available on
the company's web site at www.teleglobe.com.

About France Telecom:

France Telecom is one of the world's leading telecommunications
carriers, with 125 million customers on the five continents (220
countries and territories) at December 31, 2004 and consolidated
operating revenues of 47.2 billion euros for 2004. Through its major
international brands, including Orange, Wanadoo, Equant and GlobeCast,
France Telecom provides businesses, consumers and other carriers with a
complete portfolio of solutions that spans local, long-distance and
international telephony, wireless, Internet, multimedia, data,
broadcast.

France Telecom is the second-largest wireless operator and Internet
access provider in Europe, and a world leader in telecommunications
solutions for multinational corporations. France Telecom (NYSE:FTE) is
listed on the Paris and New York stock exchanges.

www.opentransit.francetelecom.com

www.francetelecom.com

(1) International Telecommunications Union or ITU signaling standard

(2) American National Standards Institute or ANSI signaling standard
used in North America

Forward-looking Statements

Teleglobe has included in this press release forward-looking statements
within the meaning of the Private Securities Litigation Reform Act of
1995, including all statements concerning future or expected events or
results.

Actual results could differ materially from those projected in the
companies' forward-looking statements due to numerous known and unknown
risks and uncertainties, including, among other things, the risks and
uncertainties described in the Form 10-K that will be filed by Teleglobe
on or before March 11, 2005.

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