ALJ/JPO/avs Mailed 5/9/2003

Decision 03-05-004 May 8, 2003

BEFORE THE PUBLIC UTILITIES COMMISSION OF THE STATE OF CALIFORNIA

Application of Teleglobe USA Inc., Teleglobe USA LLC, and TLGB Corporation for Expedited Ex Parte Approval Assignment of Assets and Transfer of Certificate of Public Convenience and Necessity and Related Transactions, Pursuant to Sections 851 and 854(a) of the California Public Utilities Code.

Application 03-01-006 (Filed January 9, 2003)

OPINION AUTHORIZING TRANSFER OF ASSETS

Summary

This decision grants the joint application of Teleglobe USA Inc. (Old Teleglobe), Teleglobe USA LLC (New Teleglobe), and TLGB Corporation (TLGB) for approval of the transfer of the assets and certificate of public convenience and necessity (CPCN) of Old Teleglobe to New Teleglobe, and the subsequent transfer of New Teleglobe to TLGB.