SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 8-K
                                 CURRENT REPORT
                     Pursuant to Section 13 or 15(d) of the
                         Securities Exchange Act of 1934


    Date of Report (Date of                       Commission File Number:
   earliest event reported):

       OCTOBER 14, 1999                                   1-10210





                                  eGLOBE, INC.
             (Exact name of registrant as specified in its charter)

              DELAWARE                                    13-3486421
  (State or other jurisdiction of                (IRS Employer Identification
           incorporation)                                  Number)



                         1250 24th Street, NW, Suite 725
                             Washington, D.C. 20037
               (Address of principal executive offices) (Zip Code)


               Registrant's telephone number, including area code:
                                 (202) 822-8981


          (Former name or former address, if changed since last report)

                                       NA





<PAGE>


                                  EGLOBE, INC.

ITEM 2            ACQUISITION OR DISPOSITION OF ASSETS


         On October 14, 1999, eGlobe, Inc. ("eGlobe" or the "Company"), acquired
iGlobe,   Inc.   ("iGlobe"),    a   wholly   owned   subsidiary   of   Highpoint
Telecommunications,  Inc.  ("Highpoint"  or "Seller").  Recently  established by
Highpoint,  iGlobe has created an  infrastructure  supplying  Internet  Protocol
("IP") Services, particularly Voice over IP ("VoIP"), throughout Latin America.

         Pursuant to the Stock Purchase Agreement dated as of October 4, 1999 by
and among eGlobe, iGlobe, and Highpoint,  attached hereto as Exhibit 2.1, eGlobe
purchased  iGlobe for convertible  preferred  stock with a liquidation  value of
$9.0 million and the assumption of $1.5 million in liabilities.  As set forth in
the Certificate of Designations  attached hereto as Exhibit 4.1, the convertible
preferred stock carries an annual  cumulative  dividend of twenty percent (20%),
which will accrue and be paid annually or at conversion in cash or eGlobe common
stock,  at the  option of  eGlobe.  The eGlobe  convertible  preferred  stock is
convertible  into  common  stock one (1) year  after the date of  closing at the
conversion price of $2.385 or 3,772,003 shares of eGlobe common stock.

         Additionally, the Seller will be given a non-voting beneficial interest
in a joint venture business currently known as IP Solutions,  B.V. (the "Carried
Interest").  The Carried  Interest will be equal to twenty  percent (20%) of the
equity  interest  subscribed  or held by the  Company in IP  Solutions,  B.V. at
October 14, 1999, subject to pari pasu adjustment and dilution for investment in
excess of five million dollars  ($5,000,000) in IP Solutions,  B.V., eGlobe will
escrow  twenty  percent (20%) of its equity  interest in IP  Solutions,  B.V. as
security for the Carried Interest,  and will take all reasonable and appropriate
actions to provide to Highpoint  the economic  benefit of the Carried  Interest.
The purchase  price (other than Carried  Interest  described  above) was paid in
full at closing,  however, the number of shares of eGlobe convertible  preferred
stock equivalent in value to twenty-five percent (25%) of the total value of the
preferred  stock issued to Seller will serve as  collateral  for a period of one
year following the closing for the payment of any indemnifiable claim identified
in the Stock Purchase Agreement.

         On  August 1, 1999  eGlobe  and  Highpoint  entered  into a  Transition
Management  and Services Agreement (the "TSA"),  attached hereto as Exhibit 2.2,
wherein eGlobe agreed to take responsibility for the ongoing financial condition
(as set forth in the TSA) of iGlobe and its businesses  with effect from  August
1,  1999.  The  TSA  terminates  with  the   consummation  of  the  transactions
contemplated by the Stock Purchase Agreement.

ITEM 7.  FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS

(a)      Financial statements of Business Acquired

         It is not practicable to provide financial  statements for iGlobe, Inc.
at this time. The statements  will be filed as soon as they are prepared and not
later than December 28, 1999.

(b)      Pro Forma Financial Information

         It is not  practicable  to provide pro forma  financial  statements for
iGlobe,  Inc.  at this time.  The  statements  will be filed as soon as they are
prepared and not later than December 28, 1999.

(c)      Exhibits.

         2.1    Stock  Purchase  Agreement  dated as of October 4, 1999  by  and
                among    eGlobe,    Inc.,    iGlobe,     Inc.    and   Highpoint
                Telecommunications, Inc.




                                     - 2 -
<PAGE>

         4.1      Certificate   of   Designations,   Rights,   Preferences   and
                  Restrictions of 20% Series M Cumulative  Convertible Preferred
                  Stock


        10.1      Transition Management &  Services  Agreement  between  eGlobe,
                  Inc. and Highpoint Telecommunications  Inc. dated as of August
                  1, 1999

         99.1     Press   Release,   dated   October  6,  1999,   regarding  the
                  Stock Purchase Agreement  and the  transactions   contemplated
                  thereby.



                                     - 3 -
<PAGE>

                                    SIGNATURE

         Pursuant to the  requirements  of the Securities  Exchange Act of 1934,
the  Registrant  has duly  caused  this report to be signed on its behalf by the
undersigned hereunto duly authorized.



                                   eGLOBE, INC.


Date:  October 29, 1999            By:     /s/ Graeme S.R. Brown
                                           ------------------------------------
                                            Graeme S.R. Brown
                                             Associate General Counsel and
                                                  Assistant Secretary




                                     - 4 -
<PAGE>

                                  EXHIBIT INDEX


<TABLE>
<CAPTION>
Exhibit                                          Description                               Page
-------                                          -----------                               ----

<S>      <C>                                                                               <C>
 2.1     Stock  Purchase  Agreement  dated as of  October  4,  1999 by and among
         eGlobe, Inc., iGlobe, Inc. and Highpoint Telecommunications, Inc..

 4.1     Certificate of  Designations,  Rights,  Preferences and Restrictions of
         20% Series M Cumulative Convertible Preferred Stock


10.1     Transition Management &  Services  Agreement  between  eGlobe, Inc. and
         Highpoint Telecommunications Inc. dated as of August 1, 1999


99.1     Press  Release,  dated October 4, 1999,  regarding  the Stock  Purchase
         Agreement and the transactions contemplated thereby.
</TABLE>
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{"company-data": {"conformed-name": "EGLOBE INC", "cik": "0000842807", "assigned-sic": "7389", "irs-number": "133486421", "state-of-incorporation": "DE", "fiscal-year-end": "0331"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-10210", "film-number": "99737533"}, "business-address": {"street1": "1250 24TH STREET NW", "street2": "SUITE 725", "city": "WASHINGTON", "state": "DC", "zip": "20037", "phone": "3036912115"}, "mail-address": {"street1": "1250 24TH STREET NW", "street2": "SUITE 725", "city": "WASHINGTON", "state": "DC", "zip": "20037"}, "former-company": {"former-conformed-name": "EXECUTIVE TELECARD LTD", "date-changed": "19920703"}}
SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 8-K
                                 CURRENT REPORT
                     Pursuant to Section 13 or 15(d) of the
                         Securities Exchange Act of 1934

    Date of Report (Date of                       Commission File Number:
   earliest event reported):

       OCTOBER 14, 1999                                   1-10210

                                  eGLOBE, INC.
             (Exact name of registrant as specified in its charter)

              DELAWARE                                    13-3486421
  (State or other jurisdiction of                (IRS Employer Identification
           incorporation)                                  Number)

                         1250 24th Street, NW, Suite 725
                             Washington, D.C. 20037
               (Address of principal executive offices) (Zip Code)

               Registrant's telephone number, including area code:
                                 (202) 822-8981

          (Former name or former address, if changed since last report)

                                       NA
EGLOBE, INC.

ITEM 2            ACQUISITION OR DISPOSITION OF ASSETS

         On October 14, 1999, eGlobe, Inc. ("eGlobe" or the "Company"), acquired
iGlobe,   Inc.   ("iGlobe"),    a   wholly   owned   subsidiary   of   Highpoint
Telecommunications,  Inc.  ("Highpoint"  or "Seller").  Recently  established by
Highpoint,  iGlobe has created an  infrastructure  supplying  Internet  Protocol
("IP") Services, particularly Voice over IP ("VoIP"), throughout Latin America.

         Pursuant to the Stock Purchase Agreement dated as of October 4, 1999 by
and among eGlobe, iGlobe, and Highpoint,  attached hereto as Exhibit 2.1, eGlobe
purchased  iGlobe for convertible  preferred  stock with a liquidation  value of
$9.0 million and the assumption of $1.5 million in liabilities.  As set forth in
the Certificate of Designations  attached hereto as Exhibit 4.1, the convertible
preferred stock carries an annual  cumulative  dividend of twenty percent (20%),
which will accrue and be paid annually or at conversion in cash or eGlobe common
stock,  at the  option of  eGlobe.  The eGlobe  convertible  preferred  stock is
convertible  into  common  stock one (1) year  after the date of  closing at the
conversion price of $2.385 or 3,772,003 shares of eGlobe common stock.

         Additionally, the Seller will be given a non-voting beneficial interest
in a joint venture business currently known as IP Solutions,  B.V. (the "Carried
Interest").  The Carried  Interest will be equal to twenty  percent (20%) of the
equity  interest  subscribed  or held by the  Company in IP  Solutions,  B.V. at
October 14, 1999, subject to pari pasu adjustment and dilution for investment in
excess of five million dollars  ($5,000,000) in IP Solutions,  B.V., eGlobe will
escrow  twenty  percent (20%) of its equity  interest in IP  Solutions,  B.V. as
security for the Carried Interest,  and will take all reasonable and appropriate
actions to provide to Highpoint  the economic  benefit of the Carried  Interest.
The purchase  price (other than Carried  Interest  described  above) was paid in
full at closing,  however, the number of shares of eGlobe convertible  preferred
stock equivalent in value to twenty-five percent (25%) of the total value of the
preferred  stock issued to Seller will serve as  collateral  for a period of one
year following the closing for the payment of any indemnifiable claim identified
in the Stock Purchase Agreement.

         On  August 1, 1999  eGlobe  and  Highpoint  entered  into a  Transition
Management  and Services Agreement (the "TSA"),  attached hereto as Exhibit 2.2,
wherein eGlobe agreed to take responsibility for the ongoing financial condition
(as set forth in the TSA) of iGlobe and its businesses  with effect from  August
1,  1999.  The  TSA  terminates  with  the   consummation  of  the  transactions
contemplated by the Stock Purchase Agreement.

ITEM 7.  FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS

(a)      Financial statements of Business Acquired

         It is not practicable to provide financial  statements for iGlobe, Inc.
at this time. The statements  will be filed as soon as they are prepared and not
later than December 28, 1999.

(b)      Pro Forma Financial Information

         It is not  practicable  to provide pro forma  financial  statements for
iGlobe,  Inc.  at this time.  The  statements  will be filed as soon as they are
prepared and not later than December 28, 1999.

(c)      Exhibits.

         2.1    Stock  Purchase  Agreement  dated as of October 4, 1999  by  and
                among    eGlobe,    Inc.,    iGlobe,     Inc.    and   Highpoint
                Telecommunications, Inc.

                                     - 2 -
4.1      Certificate   of   Designations,   Rights,   Preferences   and
                  Restrictions of 20% Series M Cumulative  Convertible Preferred
                  Stock

        10.1      Transition Management &  Services  Agreement  between  eGlobe,
                  Inc. and Highpoint Telecommunications  Inc. dated as of August
                  1, 1999

         99.1     Press   Release,   dated   October  6,  1999,   regarding  the
                  Stock Purchase Agreement  and the  transactions   contemplated
                  thereby.

                                     - 3 -
SIGNATURE

         Pursuant to the  requirements  of the Securities  Exchange Act of 1934,
the  Registrant  has duly  caused  this report to be signed on its behalf by the
undersigned hereunto duly authorized.

                                   eGLOBE, INC.

Date:  October 29, 1999            By:     /s/ Graeme S.R. Brown
                                           ------------------------------------
                                            Graeme S.R. Brown
                                             Associate General Counsel and
                                                  Assistant Secretary

                                     - 4 -
EXHIBIT INDEX
Exhibit                                          Description                               Page
-------                                          -----------                               ----
2.1     Stock  Purchase  Agreement  dated as of  October  4,  1999 by and among
         eGlobe, Inc., iGlobe, Inc. and Highpoint Telecommunications, Inc..

 4.1     Certificate of  Designations,  Rights,  Preferences and Restrictions of
         20% Series M Cumulative Convertible Preferred Stock

10.1     Transition Management &  Services  Agreement  between  eGlobe, Inc. and
         Highpoint Telecommunications Inc. dated as of August 1, 1999

99.1     Press  Release,  dated October 4, 1999,  regarding  the Stock  Purchase
         Agreement and the transactions contemplated thereby.