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TELEGLOBE PRESIDENT CHARLES SIROIS GIVES NEWS CONFERENCE WITH EXCEL PRESIDENT KENNY TROUT, 1998-06-15 (photo)

IMAGE number
REU8191710
Image title
TELEGLOBE PRESIDENT CHARLES SIROIS GIVES NEWS CONFERENCE WITH EXCEL PRESIDENT KENNY TROUT, 1998-06-15 (photo)
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Photographer
Shaun Best
Medium
photograph
Date
1998 AD
Shooting Date
1998-06-15
Image description

Charles Sirois (L), Chairman and Chief Executive Officer of Teleglobe Inc., and Kenny Troutt President and Chief Executive Office of Excel Communications Inc., talk to the media during a news conference in Montreal, June 15. Teleglobe and Excel announced they were merging in a stock swap that would create the fourth-largest long-distance phone company in North America with a market valuation of $7 billion, or C$10 billion. Sirois will serve as chairman and CEO of the new Teleglobe, while Troutt will become the vice chairman, president and chief operating officer of the merged company, and remain CEO of Excel. SB/CM/FMS

Photo credit
REUTERS/Shaun Best / Bridgeman Images
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