MONTREAL, Québec, April 17 /CNW Telbec/ - BCE Inc. (TSX/NYSE: BCE) today
announced the company is reviewing its strategic alternatives with a view to
further enhancing shareholder value.
BCE will be guided by the ongoing need to maximize value for the
company's shareholders, taking into consideration the need to meet all
legislative and regulatory requirements, including ensuring the Company
remains Canadian, to meet existing foreign ownership restrictions.
As part of that strategic review, the company also announced it has
entered into discussions with a group of leading Canadian pension funds to
explore the possibility of taking the publicly-traded company private.
This group will be led by the Canada Pension Plan Investment Board
(CPPIB), the Caisse de dépôt et placement du Québec and Canada's Public Sector
Pension Investment Board (PSP Investments), who have signed a non-disclosure
and standstill agreement with BCE on a non-exclusive basis. Kohlberg Kravis
Roberts and Co. (KKR), a leading global private equity firm, has also signed
the agreement and will join the Canadian-led consortium as a minority partner.
BCE's Board will also continue to explore other opportunities to deliver
further value to shareholders.
No assurances can be provided that this continuing review of alternatives
will result in any specific action being taken by the Company.
About BCE Inc.
BCE is Canada's largest communications company. Through its 28 million
customer connections, BCE provides 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. Other BCE
holdings include Telesat Canada, a pioneer and world leader in satellite
operations and systems management, and an interest in CTVglobemedia, Canada's
premier media company. BCE shares are listed in Canada, the United States and
For further information:
For further information: Pierre Leclerc, Bell Canada, Media Relations,
(514) 391-2007, 1-877-391-2007, email@example.com