BCI's Latin American Affiliate Secures National Local Loop Footprint in Venezuela.Business Editors MONTREAL--(BUSINESS WIRE)--Feb. 22, 2001 Bell Canada International Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :BCICF)(TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :BI.)("BCI") today announced that its Latin America affiliate, Telecom Americas Ltd., has secured a national local loop footprint in Venezuela at a cost of US$6.8 million. The press release of Telecom Americas is enclosed. BCI owns, develops and operates advanced communications companies in markets outside Canada, with a focus on Latin America. A subsidiary of BCE Inc., Canada's largest communications company, BCI's shares are listed on the Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. under the symbol BI and on the NASDAQ National Market under the symbol BCICF. Visit our Web site at www.bci.ca The following release was sent out earlier today: TELECOM AMERICAS LTD SECURES NATIONAL LOCAL LOOP FOOTPRINT IN VENEZUELA RIO DE JANEIRO Rio de Janeiro, city, Brazil Rio de Janeiro (rē`ō də zhänā`rō, Port. rē`  thĭ zhənĕē`r , BRAZIL--Telecom Americas Ltd., a Latin Americanjoint venture among Bell Canada International Inc. ("BCI") (NASDAQ: BCICF) (TSE: BI), Mexico's America Movil S.A. de C.V. ("America Movil") (NYSE NYSE See: New York Stock Exchange : AMX) (NASDAQ: AMOV AMOV Active Movie ) (BMV: AMX) and Texas-based SBC Communications Inc. ("SBC") (NYSE: SBC), today announced that its 51%-owned Venezuelan subsidiary, Genesis Telecom, has secured wireless local loop (WLL) licenses in all five regions of Venezuela Venezuela's states, capital district, and federal dependencies have been grouped into administrative regions since a 1969 decree on regionalization that institutionalized a process of region development. at a total cost of US$6.8 million. Genesis Telecom intends to exploit the WLL licenses in combination with its existing LMDS "broadband wireless" licenses to provide business establishments located in the leading cities of Venezuela with a full suite of voice and high-speed data services. Venezuela is the 4th largest economy in South America, with a GDP GDP (guanosine diphosphate): see guanine. of approximately US$185 billion and a GDP per capita which ranks among the highest in Latin America. The country contains a population of 23.5 million and three urban areas - Caracas, Valencia and Maracaibo - with a population in excess of 1 million. Telecom Americas Limited is a facilities-based company that provides mobile wireless and broadband communications services in the leading markets of South America. Owned 44.3% by each of Bell Canada International and America Movil and 11.4% by SBC Communications, Telecom Americas is the three partners' primary vehicle for expansion in Latin America. America Movil Investors: Carlos Garcia Moreno Tel: 011 (522) 581-4446 SBC Media Enquiries: Saralee Boteler Tel: (210) 351-3473 |
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