MONTREAL, Quebec, Oct. 31 /CNW Telbec/ - BCE Inc. (TSX/NYSE: BCE) today
completed the previously announced sale of its satellite services subsidiary
Telesat Canada to a new acquisition company formed by Canada's Public Sector
Pension Investment Board (PSP Investments) and Loral Space and Communications
Inc. Net of assumed debt and transaction expenses, BCE received proceeds of
$3.2 billion from the all-cash transaction.
About BCE Inc.
BCE is Canada's largest communications company, providing the most
comprehensive and innovative suite of communication services to residential
and business customers in Canada. Under the Bell brand, the Company's services
include local, long distance and wireless phone services, high-speed and
wireless Internet access, IP-broadband services, information and
communications technology services (or value-added services) and
direct-to-home satellite and VDSL television services. BCE also holds an
interest in CTVglobemedia, Canada's premier media company. BCE shares are
listed in Canada and the United States.
For further information:
For further information: Pierre Leclerc, Bell Canada, Media Relations,
(514) 391-2007, 1-877-391-2007, email@example.com; Thane Fotopoulos, BCE,
Investor Relations, (514) 870-4619, firstname.lastname@example.org