[2] BCI Invests to Maintain 20% Interest in Taiwanese PCS Provider, KG Telecom.

MONTREAL--(BUSINESS WIRE)--Nov. 26, 1999--

Bell Canada International Inc.(Nasdaq:BCICF)(ME:BI.)(TSE:BI.) ("BCI") today announced that it has concluded a series of investments in the aggregate amount of US$67 million, which will allow BCI to maintain its current 20% interest in the Taiwanese PCS provider, KG Telecom.

Earlier this year, KG Telecom acquired 82% ownership of the Taiwanese PCS company, Tuntex, establishing a valuable island-wide PCS wireless footprint for the company. These investments by BCI and capital contributed by other shareholders will allow KG Telecom to complete the previously-announced acquisition of Tuntex shares, as well as expand network capacity to accommodate stronger-than-expected demand. In addition, these investments will enable BCI to maintain its current 20% interest in the larger, merged entity that will result from the acquisition by KG Telecom of the remaining 18% interest in Tuntex which is expected to be completed in January 2000.

Bell Canada International is in the business of building and developing world-class communications companies in markets outside Canada, with a focus on Latin America and the Asia-Pacific region. A subsidiary of BCE Inc., Canada's largest communications company, BCI is listed on the Montreal and Toronto stock exchanges under the symbol BI, and on the NASDAQ national market under the symbol BCICF.

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