BCI Realizes Cash Proceeds of Approximately Cdn$580 Million Through Sale of Korean Promissory Notes.Business Editors MONTREAL--(BUSINESS WIRE)--Aug. 22, 2000 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 (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.) Monetizes Notes Received as Partial Consideration in July 26th Sale of Hansol M.com Shares Bell Canada International Inc. (Nasdaq:BCICF)(TSE:BI.)("BCI") today announced that it has realized net cash proceeds in the amount of approximately Cdn$580 million through the sale of the promissory notes which had been issued by Korea Telecom as part of the consideration for the sale of BCI's 21% interest in the Korean PCS provider, Hansol M.com. BCI's President 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. , Louis Tanguay, stated, "This transaction increases our financial flexibility as we execute our strategy to focus increasingly on South American growth opportunities." BCI owns, develops and operates advanced communications companies in markets outside Canada, with an increasing focus on South 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 |
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