Parties to the Transaction

Old Teleglobe is a Delaware corporation authorized to do business in California. Its principal place of business is located at 11495 Commerce Park Drive, Reston, Virginia 20191. By Decision (D.) 97-09-087, Old Teleglobe was granted a CPCN to operate in California as a limited facilities-based and resale provider of interexchange services. Old Teleglobe is an indirect wholly-owned subsidiary of Teleglobe Inc. Teleglobe Inc. is a corporation organized under the laws of Ontario, Canada.

New Teleglobe is a new Delaware limited liability company formed for the purpose of carrying out the proposed transaction. It is currently a wholly-owned subsidiary of Old Teleglobe. Its current principal place of business is at the same location as Old Teleglobe. After the transfer, its principal place of business will be located at the same address as TLGB.

TLGB is a Delaware holding company. Its principal place of business is located at 1000 de la Gauchetiere West, Montreal, Quebec H3B 4X5, Canada. It is an indirect wholly-owned subsidiary of Teleglobe International Holdings Ltd. (TIH), a newly formed Bermuda corporation. The majority owners of TIH are four investment funds affiliated with Cerberus Capitol Management, LP (Cerberus). Cerberus is a private equity fund based in New York. The Cerberus funds are controlled by its chief executive officer, Stephen Feinberg, a U.S. citizen.