the Bermuda Stock Exchange (BSX) today, the company's president and CEO revealed yesterday.

"It's full speed ahead,'' Michael Kedar said.

To mark trading, Mr. Kedar, TeleBermuda and the BSX as well as First Bermuda Securities Ltd. (FBS) officials were to gather at FBS's offices this morning at 9 a.m.

TeleBermuda, proposing to compete with Cable & Wireless Bermuda in international telecommunications, will be listed under the symbol "TBI'' and will soon apply for a Toronto Stock Exchange listing.

TeleBermuda recently raised $18 million through an initial public offering (IPO) in Bermuda and private placement in the US, Canada and Europe. That figure fell short of the $30 million sought. A total of 2.1 million shares priced at $8.50 were issued. The IPO was managed by Toronto firm CIBC Wood Gundy Securities Incorporated and FBS.

"The company is now proceeding with the establishment of a facilities-based international telecommunications network pursuant to its licence.'' TeleBermuda will create "a major transit hub in Bermuda to handle the growing Internet, private data networks and voice services throughout the Atlantic Ocean region.'' The initial funding will allow the company to implement the first phase of the trans-Atlantic submarine fibre optic cable connecting Bermuda with the US, as well as the installation of a Northern Telecom international gateway switch.