| Business Summary | | Telegroup,
Inc.
is
a
multinational
carrier
of
long
distance
telecommunications
services
to
over
200
countries.
The
Company
offers
services
to
small-
and
medium-sized
business
and
residential
customers.
Telegroup
also
provides
value-added
wholesale
services
to
over
40
telecommunications
carriers.
Telegroup
operates
a
global,
digital,
facilities-based
network,
the
Telegroup
Intelligent
Global
Network,
which
consists
of
25
Nortel
GSP
and
Excel
LNX
voice
switches
in
12
countries,
23
Nortel
Passport
ATM
switches,
six
enhanced
services
platforms,
26,000
miles
of
owned
and
leased
capacity
on
digital
fiber-optic
cable
links,
and
leased
parallel
data
transmission
capacity.
On
February
11,
1999,
Telegroup
filed
a
Chapter
11
petition
under
the
provisions
of
the
Title
11
United
States
Code,
as
amended,
in
the
United
States
Bankruptcy
Court
for
the
Newark
District
of
New
Jersey
(The
Bankruptcy
Case).
The
Bankruptcy
Case
is
currently
pending | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Telegroup,
Inc.
is
an
alternative
provider
of
domestic
and
international
telecommunications
services.
For
the
nine
months
ended
9/30/98,
total
revenues
rose
23%
to
$293.7
million.
Net
loss
before
extraordinary
item
totalled
$46.7
million,
up
from
$2.8
million.
Results
benefitted
from
growth
in
international
and
domestic
wholesale
revenues.
Higher
loss
suffered
from
lower
margin
wholesale
revenues,
retail
price
declines
in
certain
deregulating
markets
and
a
$1.9
million
impairment
charge. | More
from
Market Guide: Significant
Developments |
| Officers | | | FY1997 Pay | |
| Fred Gratzon, 52 Chairman | $600K | Clifford Rees, 46 CEO | 600K | Steven Baumgartner, 46 Pres,
COO | -- | Ronald Stakland, 44 Sr.
VP - International Marketing and Operations | 247K | John Lass, 47 Sr.
VP - Strategy and Bus. Devel. | -- | Dollar amounts are as of 31-Dec-1997 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|