================================================================================

                       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

<TABLE>
<S>                                                            <C>
Date of Report (Date of earliest event reported):              Commission File Number:
                     JUNE 30, 1999                                     1-10210

</TABLE>

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

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


                   2000 PENNSYLVANIA AVENUE, N.W., SUITE 4800
                             WASHINGTON, D.C. 20008

              (Address of principal executive offices) (Zip Code)


               Registrant's telephone number, including area code:
                                 (303) 691-2115


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

                                 NOT APPLICABLE

================================================================================
<PAGE>
                                  EGLOBE, INC.

ITEM 5            OTHER EVENTS

                  As of June 30, 1999, eGlobe, Inc. (the "Company")  completed a
$20 million long term financing with EXTL  Investors LLC,  which,  together with
its affiliates, is our largest stockholder ("EXTL Investors").

                  Interim April Loan. The recent  financing is the second of two
transactions  with  EXTL  Investors  under a Loan  and Note  Purchase  Agreement
entered  into on April 9, 1999.  In the first  transaction  in April  1999,  the
Company and its wholly owned subsidiary, eGlobe Financing Corporation,  borrowed
$7 million from EXTL Investors and the Company  granted EXTL Investors  warrants
to purchase 500,000 shares of the Company's Common Stock at an exercise price of
$.01 per share. This loan was repaid from the proceeds of the recent $20 million
financing.  An additional  warrant to purchase 1,000,000 shares of the Company's
Common Stock at an exercise price of $.01 per share,  granted in connection with
the first loan, expired upon the repayment of the first loan.

                  Recent $20 million  Financing.  As of June 30, 1999,  the Loan
and  Note  Purchase  Agreement  with  EXTL  Investors  was  amended  to add  two
additional   borrowers  (IDX  Financing   Corporation   and  Telekey   Financing
Corporation),  each of which  is an  indirect  wholly  owned  subsidiary  of the
Company,  and EXTL  Investors  purchased  $20  million of 5% secured  notes from
eGlobe  Financing,  IDX  Financing  and  Telekey  Financing  (collectively,  the
"Financing  Companies").  As required by the Loan and Note  Purchase  Agreement,
eGlobe  Financing  used  proceeds of the $20 million  financing  to repay the $7
million  April 1999 loan from EXTL  Investors  and  approximately  $8.4  million
(including  interest) of senior  indebtedness  to IDT  Corporation.  The Company
granted EXTL Investors  warrants to purchase  5,000,000  shares of the Company's
Common Stock at an exercise price of $1.00 per share.

                  The 5% secured  notes must be repaid in 36  specified  monthly
installments  commencing  on  the  first  month  following  issuance,  with  the
remaining unpaid principal and accrued interest being due in a lump sum with the
last payment.  The entire amount becomes due earlier if the Company completes an
offering  of debt or equity  securities  from  which the  Company  receives  net
proceeds of at least $100 million (a  "Qualified  Offering").  The principal and
interest of the 5% secured notes may be paid in cash.  However, up to 50% of the
original  principal  amount of the 5% secured notes may be paid in the Company's
Common Stock at the  Company's  option if (1) the closing price of the Company's
Common Stock on Nasdaq is $8.00 or more for any 15 consecutive trading days, (2)
the Company closes a public offering of equity securities at a price of at least
$5.00 per share and with gross  proceeds to the Company of at least $30 million,
or (3) the Company

                                      -2-
<PAGE>
closes a Qualified Offering (at a price of at least $5.00 per share, in the case
of an offering of equity securities).

                  The 5% secured notes are secured by  substantially  all of the
equipment and other personal  property of the Company and its  subsidiaries  and
the  accounts  receivables  of the  Company  and IDX.  In order to provide  such
security  arrangements,  the  Company and each of its  subsidiaries  transferred
equipment and other personal property to the Financing Companies and the Company
has agreed that it will and will cause its  subsidiaries  to transfer  equipment
and other  personal  property  acquired  after the closing date to the Financing
Companies. The Company and its operating subsidiaries have guaranteed payment of
the secured notes.

                  The Loan and  Note  Purchase  Agreement  with  EXTL  Investors
contains several covenants which the Company believes are fairly customary for a
note financing, including prohibitions on:

    o   mergers and sales of substantially all assets;

    o   sales of material  assets other than on an arm's length basis and in the
        ordinary course of business;

    o   encumbering  any of the Company's  assets (except for certain  permitted
        liens);

    o   incurring  or  having   outstanding   indebtedness  other  than  certain
        permitted  debt  (which  includes   certain  existing  debt  and  future
        equipment  and  facilities  financing),  or prepaying  any  subordinated
        indebtedness; or

    o   paying any  dividends  or  distributions  on any class of the  Company's
        capital stock (other than any dividend on outstanding preferred stock or
        additional  preferred  stock issued in the future) or  repurchasing  any
        shares of the Company's capital stock (subject to certain exceptions).

                  The Loan and  Note  Purchase  Agreement  with  EXTL  Investors
contains several events of default, including:

    o   non-payment  of any  principal or interest on the 5% secured  notes,  or
        non- payment of $250,000 or more on any other  indebtedness  (other than
        specified existing indebtedness;

    o   failure  to  perform  any  obligation  under the Loan and Note  Purchase
        Agreement or related documents;

    o   breach of any  representation  or warranty in the Loan and Note Purchase
        Agreement;


                                      -3-
<PAGE>
    o   inability to pay debts as they become due, or  initiation  or consent to
        judicial   proceedings    relating   to   bankruptcy,    insolvency   or
        reorganization;

    o   dissolution or winding up, unless approved by EXTL Investors; and

    o   final  judgment  ordering  payment in excess of $250,000  which  remains
        undismissed, undischarged or unstayed pending appeal for thirty days.

                  EXTL  Investors  also  has  agreed  to  make  advances  to the
Financing Companies from time to time based upon eligible accounts  receivables.
These  advances  may not  exceed  (1) the  lesser  of 50% of  eligible  accounts
receivable  or (2)  the  aggregate  amount  of  principal  payments  made by the
Financing   Companies  under  the  5%  secured  notes.  The  eligible   accounts
receivables  include the  accounts  receivables  of the Company,  the  Financing
Companies and IDX. The accounts receivables note is secured by the same security
arrangements as the secured notes.

                  The terms of the Loan and Note  Purchase  Agreement  with EXTL
Investors,  a side letter,  Amendment No. 1 to Loan and Note Purchase Agreement,
the $20  million  Secured  Note,  the  Security  Agreement  with  the  Financing
Companies, the Security Agreement with the Company and IDX, the Guaranty and the
Accounts  Receivable  Revolving  Note are as set forth in Exhibits  10.1,  10.2,
10.3,  10.4,  10.5,  10.6,  10.7 and  10.8,  respectively,  and the terms of the
warrants  are set forth in the form of Warrant to purchase  5,000,000  shares of
the  Company's  Common  Stock  attached  hereto  as  Exhibit  4.1 in  each  case
incorporated  herein by reference.  A copy of the press  release,  dated July 7,
1999,  issued by the  Company  regarding  the  above  described  transaction  is
attached as Exhibit 99.1 hereto.

                  (c)      Exhibits.

4.1   Form of  Warrant  to  purchase  5,000,000  shares of  common  stock of the
      Company issued to EXTL Investors LLC.

10.1  Loan and Note  Purchase  Agreement,  dated  April 9,  1999,  between  EXTL
      Investors LLC, eGlobe Financing  Corporation and the Company (Incorporated
      by  reference  to  Exhibit  10.16 in  Annual  Report  on Form  10-K of the
      Company, for the period ended December 31, 1998).

10.2  Side letter,  dated June 16,  1999,  between  EXTL  Investors  LLC and the
      Company.

10.3  Amendment No. 1 to Loan and Note Purchase Agreement,  dated June 30, 1999,
      between EXTL Investors LLC, eGlobe  Financing  Corporation,  IDX Financing
      Corporation, Telekey Financing Corporation and the Company.

10.4  Form of  Secured  Promissory  Note in the  original  principal  amount  of


                                      -4-
<PAGE>
      $20,000,000,  dated June 30, 1999, of eGlobe  Financing  Corporation,  IDX
      Financing  Corporation and Telekey Financing  Corporation  payable to EXTL
      Investors LLC.


10.5  Security   Agreement,   dated  June  30,  1999,   among  eGlobe  Financing
      Corporation,  IDX Financing  Corporation and Telekey Financing Corporation
      payable to EXTL Investors LLC.

10.6  Security  Agreement,   dated  June  30,  1999,  among  eGlobe,  Inc.,  IDX
      International, Inc. and EXTL Investors LLC.

10.7  Guaranty, dated June 30, 1999, among eGlobe, Inc., IDX International, Inc.
      and EXTL Investors LLC.

10.8  Form  of  Accounts  Receivable  Revolving  Credit  Promissory  Note in the
      original  principal  amount of up to $20,000,000,  dated June 30, 1999, of
      eGlobe  Financing  Corporation,  IDX  Financing  Corporation  and  Telekey
      Financing Corporation payable to EXTL Investors LLC.

99.1  Press  Release,  dated July 7, 1999,  regarding the  completion of the $20
      million financing.










                                      -5-
<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:  July 16, 1999                       By: /s/Graeme S.R. Brown
                                               -----------------------------
                                               Graeme S.R. Brown
                                               Associate General Counsel and
                                                 Assistant Secretary




                                      -6-
<PAGE>
                                  EXHIBIT INDEX

Exhibit                 Description
-------                 -----------

4.1   Form of  Warrant  to  purchase  5,000,000  shares of  common  stock of the
      Company issued to EXTL Investors LLC.

10.1  Loan and Note  Purchase  Agreement,  dated  April 9,  1999,  between  EXTL
      Investors LLC, eGlobe Financing  Corporation and the Company (Incorporated
      by  reference  to  Exhibit  10.16 in  Annual  Report  on Form  10-K of the
      Company, for the period ended December 31, 1998).

10.2  Side letter,  dated June 16,  1999,  between  EXTL  Investors  LLC and the
      Company.

10.3  Amendment No. 1 to Loan and Note Purchase Agreement,  dated June 30, 1999,
      between EXTL Investors LLC, eGlobe  Financing  Corporation,  IDX Financing
      Corporation, Telekey Financing Corporation and the Company.

10.4  Form of  Secured  Promissory  Note in the  original  principal  amount  of
      $20,000,000,  dated June 30, 1999, of eGlobe  Financing  Corporation,  IDX
      Financing  Corporation and Telekey Financing  Corporation  payable to EXTL
      Investors LLC.

10.5  Security   Agreement,   dated  June  30,  1999,   among  eGlobe  Financing
      Corporation,  IDX Financing  Corporation and Telekey Financing Corporation
      payable to EXTL Investors LLC.

10.6  Security  Agreement,   dated  June  30,  1999,  among  eGlobe,  Inc.,  IDX
      International, Inc. and EXTL Investors LLC.

10.7  Guaranty, dated June 30, 1999, among eGlobe, Inc., IDX International, Inc.
      and EXTL Investors LLC.

10.8  Form  of  Accounts  Receivable  Revolving  Credit  Promissory  Note in the
      original  principal  amount of up to $20,000,000,  dated June 30, 1999, of
      eGlobe  Financing  Corporation,  IDX  Financing  Corporation  and  Telekey
      Financing Corporation payable to EXTL Investors LLC.

99.1  Press  Release,  dated July 7, 1999,  regarding the  completion of the $20
      million financing.

                                      -7-
[{"type": "8-K", "sequence": "1", "description": "FORM 8-K", "secsgml_size_bytes": 13679}]
{"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": "99666406"}, "business-address": {"street1": "2000 PENNSYLVANIA AVENUE NW", "street2": "SUITE 4800", "city": "WASHINGTON", "state": "DC", "zip": "20006", "phone": "2028228981"}, "mail-address": {"street1": "2000 PENNSYULVANIA AVENUE NW", "street2": "SUITE 4800", "city": "WASHINGTON", "state": "DC", "zip": "20006"}, "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 earliest event reported):              Commission File Number:
                     JUNE 30, 1999                                     1-10210
EGLOBE, INC.
             (Exact name of registrant as specified in its charter)

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

                   2000 PENNSYLVANIA AVENUE, N.W., SUITE 4800
                             WASHINGTON, D.C. 20008

              (Address of principal executive offices) (Zip Code)

               Registrant's telephone number, including area code:
                                 (303) 691-2115

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

                                 NOT APPLICABLE

================================================================================
EGLOBE, INC.

ITEM 5            OTHER EVENTS

                  As of June 30, 1999, eGlobe, Inc. (the "Company")  completed a
$20 million long term financing with EXTL  Investors LLC,  which,  together with
its affiliates, is our largest stockholder ("EXTL Investors").

                  Interim April Loan. The recent  financing is the second of two
transactions  with  EXTL  Investors  under a Loan  and Note  Purchase  Agreement
entered  into on April 9, 1999.  In the first  transaction  in April  1999,  the
Company and its wholly owned subsidiary, eGlobe Financing Corporation,  borrowed
$7 million from EXTL Investors and the Company  granted EXTL Investors  warrants
to purchase 500,000 shares of the Company's Common Stock at an exercise price of
$.01 per share. This loan was repaid from the proceeds of the recent $20 million
financing.  An additional  warrant to purchase 1,000,000 shares of the Company's
Common Stock at an exercise price of $.01 per share,  granted in connection with
the first loan, expired upon the repayment of the first loan.

                  Recent $20 million  Financing.  As of June 30, 1999,  the Loan
and  Note  Purchase  Agreement  with  EXTL  Investors  was  amended  to add  two
additional   borrowers  (IDX  Financing   Corporation   and  Telekey   Financing
Corporation),  each of which  is an  indirect  wholly  owned  subsidiary  of the
Company,  and EXTL  Investors  purchased  $20  million of 5% secured  notes from
eGlobe  Financing,  IDX  Financing  and  Telekey  Financing  (collectively,  the
"Financing  Companies").  As required by the Loan and Note  Purchase  Agreement,
eGlobe  Financing  used  proceeds of the $20 million  financing  to repay the $7
million  April 1999 loan from EXTL  Investors  and  approximately  $8.4  million
(including  interest) of senior  indebtedness  to IDT  Corporation.  The Company
granted EXTL Investors  warrants to purchase  5,000,000  shares of the Company's
Common Stock at an exercise price of $1.00 per share.

                  The 5% secured  notes must be repaid in 36  specified  monthly
installments  commencing  on  the  first  month  following  issuance,  with  the
remaining unpaid principal and accrued interest being due in a lump sum with the
last payment.  The entire amount becomes due earlier if the Company completes an
offering  of debt or equity  securities  from  which the  Company  receives  net
proceeds of at least $100 million (a  "Qualified  Offering").  The principal and
interest of the 5% secured notes may be paid in cash.  However, up to 50% of the
original  principal  amount of the 5% secured notes may be paid in the Company's
Common Stock at the  Company's  option if (1) the closing price of the Company's
Common Stock on Nasdaq is $8.00 or more for any 15 consecutive trading days, (2)
the Company closes a public offering of equity securities at a price of at least
$5.00 per share and with gross  proceeds to the Company of at least $30 million,
or (3) the Company

                                      -2-
closes a Qualified Offering (at a price of at least $5.00 per share, in the case
of an offering of equity securities).

                  The 5% secured notes are secured by  substantially  all of the
equipment and other personal  property of the Company and its  subsidiaries  and
the  accounts  receivables  of the  Company  and IDX.  In order to provide  such
security  arrangements,  the  Company and each of its  subsidiaries  transferred
equipment and other personal property to the Financing Companies and the Company
has agreed that it will and will cause its  subsidiaries  to transfer  equipment
and other  personal  property  acquired  after the closing date to the Financing
Companies. The Company and its operating subsidiaries have guaranteed payment of
the secured notes.

                  The Loan and  Note  Purchase  Agreement  with  EXTL  Investors
contains several covenants which the Company believes are fairly customary for a
note financing, including prohibitions on:

    o   mergers and sales of substantially all assets;

    o   sales of material  assets other than on an arm's length basis and in the
        ordinary course of business;

    o   encumbering  any of the Company's  assets (except for certain  permitted
        liens);

    o   incurring  or  having   outstanding   indebtedness  other  than  certain
        permitted  debt  (which  includes   certain  existing  debt  and  future
        equipment  and  facilities  financing),  or prepaying  any  subordinated
        indebtedness; or

    o   paying any  dividends  or  distributions  on any class of the  Company's
        capital stock (other than any dividend on outstanding preferred stock or
        additional  preferred  stock issued in the future) or  repurchasing  any
        shares of the Company's capital stock (subject to certain exceptions).

                  The Loan and  Note  Purchase  Agreement  with  EXTL  Investors
contains several events of default, including:

    o   non-payment  of any  principal or interest on the 5% secured  notes,  or
        non- payment of $250,000 or more on any other  indebtedness  (other than
        specified existing indebtedness;

    o   failure  to  perform  any  obligation  under the Loan and Note  Purchase
        Agreement or related documents;

    o   breach of any  representation  or warranty in the Loan and Note Purchase
        Agreement;

                                      -3-
o   inability to pay debts as they become due, or  initiation  or consent to
        judicial   proceedings    relating   to   bankruptcy,    insolvency   or
        reorganization;

    o   dissolution or winding up, unless approved by EXTL Investors; and

    o   final  judgment  ordering  payment in excess of $250,000  which  remains
        undismissed, undischarged or unstayed pending appeal for thirty days.

                  EXTL  Investors  also  has  agreed  to  make  advances  to the
Financing Companies from time to time based upon eligible accounts  receivables.
These  advances  may not  exceed  (1) the  lesser  of 50% of  eligible  accounts
receivable  or (2)  the  aggregate  amount  of  principal  payments  made by the
Financing   Companies  under  the  5%  secured  notes.  The  eligible   accounts
receivables  include the  accounts  receivables  of the Company,  the  Financing
Companies and IDX. The accounts receivables note is secured by the same security
arrangements as the secured notes.

                  The terms of the Loan and Note  Purchase  Agreement  with EXTL
Investors,  a side letter,  Amendment No. 1 to Loan and Note Purchase Agreement,
the $20  million  Secured  Note,  the  Security  Agreement  with  the  Financing
Companies, the Security Agreement with the Company and IDX, the Guaranty and the
Accounts  Receivable  Revolving  Note are as set forth in Exhibits  10.1,  10.2,
10.3,  10.4,  10.5,  10.6,  10.7 and  10.8,  respectively,  and the terms of the
warrants  are set forth in the form of Warrant to purchase  5,000,000  shares of
the  Company's  Common  Stock  attached  hereto  as  Exhibit  4.1 in  each  case
incorporated  herein by reference.  A copy of the press  release,  dated July 7,
1999,  issued by the  Company  regarding  the  above  described  transaction  is
attached as Exhibit 99.1 hereto.

                  (c)      Exhibits.

4.1   Form of  Warrant  to  purchase  5,000,000  shares of  common  stock of the
      Company issued to EXTL Investors LLC.

10.1  Loan and Note  Purchase  Agreement,  dated  April 9,  1999,  between  EXTL
      Investors LLC, eGlobe Financing  Corporation and the Company (Incorporated
      by  reference  to  Exhibit  10.16 in  Annual  Report  on Form  10-K of the
      Company, for the period ended December 31, 1998).

10.2  Side letter,  dated June 16,  1999,  between  EXTL  Investors  LLC and the
      Company.

10.3  Amendment No. 1 to Loan and Note Purchase Agreement,  dated June 30, 1999,
      between EXTL Investors LLC, eGlobe  Financing  Corporation,  IDX Financing
      Corporation, Telekey Financing Corporation and the Company.

10.4  Form of  Secured  Promissory  Note in the  original  principal  amount  of

                                      -4-
$20,000,000,  dated June 30, 1999, of eGlobe  Financing  Corporation,  IDX
      Financing  Corporation and Telekey Financing  Corporation  payable to EXTL
      Investors LLC.

10.5  Security   Agreement,   dated  June  30,  1999,   among  eGlobe  Financing
      Corporation,  IDX Financing  Corporation and Telekey Financing Corporation
      payable to EXTL Investors LLC.

10.6  Security  Agreement,   dated  June  30,  1999,  among  eGlobe,  Inc.,  IDX
      International, Inc. and EXTL Investors LLC.

10.7  Guaranty, dated June 30, 1999, among eGlobe, Inc., IDX International, Inc.
      and EXTL Investors LLC.

10.8  Form  of  Accounts  Receivable  Revolving  Credit  Promissory  Note in the
      original  principal  amount of up to $20,000,000,  dated June 30, 1999, of
      eGlobe  Financing  Corporation,  IDX  Financing  Corporation  and  Telekey
      Financing Corporation payable to EXTL Investors LLC.

99.1  Press  Release,  dated July 7, 1999,  regarding the  completion of the $20
      million financing.

                                      -5-
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:  July 16, 1999                       By: /s/Graeme S.R. Brown
                                               -----------------------------
                                               Graeme S.R. Brown
                                               Associate General Counsel and
                                                 Assistant Secretary

                                      -6-
EXHIBIT INDEX

Exhibit                 Description
-------                 -----------

4.1   Form of  Warrant  to  purchase  5,000,000  shares of  common  stock of the
      Company issued to EXTL Investors LLC.

10.1  Loan and Note  Purchase  Agreement,  dated  April 9,  1999,  between  EXTL
      Investors LLC, eGlobe Financing  Corporation and the Company (Incorporated
      by  reference  to  Exhibit  10.16 in  Annual  Report  on Form  10-K of the
      Company, for the period ended December 31, 1998).

10.2  Side letter,  dated June 16,  1999,  between  EXTL  Investors  LLC and the
      Company.

10.3  Amendment No. 1 to Loan and Note Purchase Agreement,  dated June 30, 1999,
      between EXTL Investors LLC, eGlobe  Financing  Corporation,  IDX Financing
      Corporation, Telekey Financing Corporation and the Company.

10.4  Form of  Secured  Promissory  Note in the  original  principal  amount  of
      $20,000,000,  dated June 30, 1999, of eGlobe  Financing  Corporation,  IDX
      Financing  Corporation and Telekey Financing  Corporation  payable to EXTL
      Investors LLC.

10.5  Security   Agreement,   dated  June  30,  1999,   among  eGlobe  Financing
      Corporation,  IDX Financing  Corporation and Telekey Financing Corporation
      payable to EXTL Investors LLC.

10.6  Security  Agreement,   dated  June  30,  1999,  among  eGlobe,  Inc.,  IDX
      International, Inc. and EXTL Investors LLC.

10.7  Guaranty, dated June 30, 1999, among eGlobe, Inc., IDX International, Inc.
      and EXTL Investors LLC.

10.8  Form  of  Accounts  Receivable  Revolving  Credit  Promissory  Note in the
      original  principal  amount of up to $20,000,000,  dated June 30, 1999, of
      eGlobe  Financing  Corporation,  IDX  Financing  Corporation  and  Telekey
      Financing Corporation payable to EXTL Investors LLC.

99.1  Press  Release,  dated July 7, 1999,  regarding the  completion of the $20
      million financing.

                                      -7-