BCE MOBILE AND BCI PLAN PARTICIPATION IN BID FOR PCS LICENSES IN THE US.MONTREAL, QUEBEC--(BUSINESS WIRE)--AUG. 2, 1995--BCE MOBILE (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). ,ME:BCX BCX Beloreck (Russia) ) BCE BCE abbr. 1. Bachelor of Chemical Engineering 2. Bachelor of Civil Engineering BCE Abbreviation for before the Common Era. Mobile Communications Inc. (BCE Mobile) and Bell Canada International Inc. (BCI BCI Bat Conservation International BCI Brain-Computer Interface BCI Business Continuity Institute BCI Business Cycle Indicators BCI Banco de Credito e Inversiones (Chilean bank) BCI Bell Canada International ) today announced plans to join with AirGate L.L.C. in a bid for licenses to provide 2 GHz personal communications services See PCS. (PCS (1) (Personal Communications Services) Refers to wireless services that emerged after the U.S. government auctioned commercial licenses in 1994 and 1995. This radio spectrum in the 1. ) in the United States. AirGate has formed "AirLink", an entity which will bid for 30 MHz licenses in the "C Block" round of auctions to be held by the U.S. Federal Communications Commission Federal Communications Commission (FCC), independent executive agency of the U.S. government established in 1934 to regulate interstate and foreign communications in the public interest. (FCC). If successful, AirLink will build and operate a PCS network. BCE Mobile and BCI have acquired an option to purchase an indirect equity interest in AirLink, subject to certain conditions. The timing of events associated with the "C Block" auctions is currently uncertain due to a legal challenge by a potential bidder to FCC rules regarding the auctions. Robert Ferchat, chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of BCE Mobile, said "Our support of AirLink's bid will provide a unique opportunity for Bell Mobility to broaden the scope of its wireless operations and expertise. This important alliance in the United States will complement our plans to offer PCS in Canada and allow us to lever Bell Mobility's capabilities in a manner consistent with our long-term objectives for growth. We remain hopeful that the licensing process will restart in the fall." Derek Burney, chairman, president and CEO of BCI, stated "We believe that our participation in AirLink will be of significant benefit to BCI and the BCE group. The wireless sector is expected to be one of the fastest growing in the telecommunications industry." Owing to the competitive and regulatory nature of activities associated with this process, only limited information will be available until the conclusion of the auctions. The principals of AirGate have been involved since 1978 in the development of regional cellular and paging licenses in the U.S. and in the buildout of related networks. They have also been involved in the deployment of local fibre optic networks, and have extensive experience in supporting the establishment of cellular and PCS operations throughout the world. BCE Mobile is the Canadian leader in mobile communications. Its subsidiaries, operating under the Bell Mobility banner, provide cellular, paging, data and airline passenger communications services and are involved in the sale of cellular hardware and private radio systems. BCE Mobile is a publicly traded subsidiary of BCE Inc. BCI, through subsidiary and associated companies, is active in cable television and in wireline and wireless telecommunications services, principally in the United Kingdom, the United States, South America and New Zealand. BCI is a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of BCE Inc. CONTACT: BCE Mobile - Angela Hislop 416/213-3308 or BCI - Alan W. Hazel 514/392-2317 or AirGate - Shelley L. Spencer 202/424-7798 REPEATS: New York 212-575-8822 or 800-221-2462; Boston 617-330-5311 or 80 |
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