MONTREAL, Québec, June 5 /CNW Telbec/ - The Strategic Oversight Committee
of the Board of Directors of BCE Inc. (TSX/NYSE: BCE) today announced that
another group is entering into discussions to explore the possibility of
taking the Company private and that members of the group have signed
non-disclosure and standstill agreements with BCE on a non-exclusive basis.
The consortium includes Teachers' Private Capital, the private investment arm
of the Ontario Teachers' Pension Plan and Providence Equity Partners Inc.
The Company had previously announced its intention to review all
strategic alternatives with a view to further enhance shareholder value. The
review is currently expected to be completed in the third quarter of 2007.
No assurances can be provided that any offer, if made, by any bidding
group, now formed or to be formed in the future, will be accepted by the Board
of Directors or that this review of alternatives will result in any specific
action being taken by the Company.
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. 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 and the United States.
For further information:
For further information: Pierre Leclerc, Bell Canada, Media Relations,
(514) 391-2007, 1-877-391-2007, firstname.lastname@example.org