<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2006-02-13</periodOfReport>

    <notSubjectToSection16>1</notSubjectToSection16>

    <issuer>
        <issuerCik>0001278739</issuerCik>
        <issuerName>TELEGLOBE INTERNATIONAL HOLDINGS LTD</issuerName>
        <issuerTradingSymbol>TLGB</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001264513</rptOwnerCik>
            <rptOwnerName>TESSLER LENARD</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O TELEGLOBE INTERNATIONAL HOLDINGS LTD</rptOwnerStreet1>
            <rptOwnerStreet2>P.O. BOX HM 1154 - 10 QUEEN STREET</rptOwnerStreet2>
            <rptOwnerCity>HAMILTON</rptOwnerCity>
            <rptOwnerState>D0</rptOwnerState>
            <rptOwnerZipCode>HM EX</rptOwnerZipCode>
            <rptOwnerStateDescription>BERMUDA</rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>1</isOther>
            <otherText>Former Director</otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <remarks>Pursuant to the terms of that certain Agreement and Plan of Amalgamation, dated as of July 25, 2005 (the &quot;Amalgamation Agreement&quot;), by and among Videsh Sanchar Nigam Limited, an Indian Limited Company, Teleglobe International Holdings Ltd (the &quot;Issuer&quot;), and VSNL Telecommunications (Bermuda) Ltd, a Bermuda exempted company and a wholly-owned subsidiary of VSNL (the &quot;Amalgamation Sub&quot;), on February 13, 2006, the Issuer and the Amalgamation Sub amalgamated under the laws of Bermuda and will continue as a Bermuda exempted company upon the terms and subject to the conditions of the Amalgamation Agreement and in accordance with the Companies Act 1981 of Bermuda, as amended.  As a result of the consummation of the transactions contemplated by and set forth in the Amalgamation Agreement, as of February 13, 2006, the Reporting Person ceased to be a director of the Issuer.</remarks>

    <ownerSignature>
        <signatureName>/s/ Lenard B. Tessler</signatureName>
        <signatureDate>2006-02-13</signatureDate>
    </ownerSignature>
</ownershipDocument>
