MEMOTEC DATA COMPLETES TELEGLOBE ACQUISITION

  &lt;Memotec Data Inc> said it completed
  the previously announced 488.3 mln dlr acquisition of Teleglobe
  Canada from the federal government.
      Memotec Data said Teleglobe, which has provided Canada's
  overseas telecommunications services since 1950, now becomes
  Teleglobe Canada Inc, a unit of Memotec.
      Teleglobe president and chief executive Jean-Claude Delorme
  will continue in the same post, the company said.
      In addition to the sale price, the government will receive
  Teleglobe's accumulated cash of 102 mln dlrs and a special 18
  mln dlr dividend, making total proceeds 608.3 mln dlrs.
  

