Re: AMENDMENT TO EMPLOYMENT AGREEMENT

Exhibit 10.3

November 9, 2005

Xx. Xxxxxx Xxxxxxx

Executive Vice President and Chief Financial Officer

Re: AMENDMENT TO EMPLOYMENT AGREEMENT

Dear Pierre,

I am pleased to confirm that Teleglobe International Holdings Ltd (“Teleglobe”) has approved the following changes, effective November 1, 2005, to your employment agreement dated January 10, 2005 (“Agreement”):

1) Incentive Compensation: With respect to 2005, the target performance level shall be 140% of base salary, retroactive to January 1, 2005.

2) Termination: The target bonus set out in clause (c) of the section regarding “Termination” shall be amended from 100% of base salary to 140% of base salary.

Except as amended above, the terms and conditions of the Agreement are hereby ratified and confirmed, and shall remain in full force and effect.

Please indicate your acceptance of these terms and conditions by signing this letter and returning the original copy to Xxxxxx Xxxxx, Vice President, Human Resources.

Thank you for your continued contributions and commitment to the success of Teleglobe.

Best regards,

/s/    LIAM STRONG        

Liam Strong

President and Chief Executive Officer

cc: Xxxxxx Xxxxx, VP, Human Resources

I accept the conditions described in this letter.

Signature: /s/    XXXXXX XXXXXXX         Date: November 9, 2005