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Web links for organizations mentioned can be found Telecom Links . About half of the decline resulted from falling revenues at multi-level marketing subsidiary Excel Communications. New owner BCE said it will close Teleglobe's Montreal head office and eliminate about 850 jobs worldwide this year. All of Teleglobe's retail sales operations are being moved into Excel, and its results will be reported separately from Teleglobe in future quarters. The courts have not yet ruled on the Caisse de depot's claim that it has a right to veto any acquisition of Videotron.