Bell Canada International Inc.: Press Release Advisory.Business Editors MONTREAL--(BUSINESS WIRE)--Feb. 12, 2001 Bell Canada International Inc.'s (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") Latin American affiliate, Telecom Americas Ltd., has issued the following press release today. BCI's executives will be commenting on the acquisition of Tess S.A. in a conference call at 10:00 a.m. EST EST electroshock therapy. EST abbr. electroshock therapy on Tuesday, February 13, 2001. The conference call will be Webcasted over www.bci.ca. 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. TELECOM AMERICAS LTD. EXPANDS MOBILE WIRELESS FOOTPRINT IN BRAZIL RIO DE JANEIRO Rio de Janeiro, city, Brazil Rio de Janeiro (rē`ō də zhänā`rō, Port. rē`  thĭ zhənĕē`r , February 12, 2001 - Telecom Americas Ltd., a Latin
American joint venture among Bell Canada International Inc.
("BCI") (NASDAQ: BCICF), (TSE: BI) Mexico's America Movil
S.A. de C.V. ("America Movil") (NYSE NYSESee: New York Stock Exchange : AMX) (NASDAQ: AMOV) (BMV: AMX) and Texas-based SBC Communications Inc. ("SBC") (NYSE: SBC), today announced it has signed an agreement to acquire a significant interest in Tess S.A., one of the two B Band cellular operators in the Brazilian State of Sao Paulo. Under the terms of the agreement, Telecom Americas will acquire effective ownership of the equity of Tess, with a majority of the voting rights continuing to be held by the sellers, in accordance with the regulations governing ownership of B Band licenses. Telecom Americas has agreed to invest US$950 million. The transaction, which is subject to lender approval and validation by Brazilian regulatory authorities, is expected to close during the first quarter of 2001. Tess serves approximately 940,000 subscribers in the Brazilian State of Sao Paulo excluding the Metropolitan Sao Paulo region ("Sao Paulo Coast and Interior"). The Sao Paulo Coast and Interior is one of the most prosperous regions of Brazil Brazil is currently divided in five regions, by the Instituto Brasileiro de Geografia e Estatistica (IBGE). These divisions are composed by states with similar cultural, economical, historical and social aspects, and although through the scientific point of view information given by this , with 18.4 million residents (approximately 11% of the national population) generating approximately 20% of Brazil's GDP GDP (guanosine diphosphate): see guanine. . About Telecom Americas Telecom Americas Ltd. is a facilities-based company which provides mobile wireless and broadband communications services in Brazil, Argentina, Colombia and Venezuela - South America's four largest communications markets. 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. Following the closing of the Tess transaction, Telecom Americas will hold interests in 4 Brazilian B Band cellular operations serving approximately 3.5 million total subscribers in licensed territories containing a population of approximately 60 million. Three of the operations - ATL (Active Template Library) A set of software routines from Microsoft that provide the basic framework for creating ActiveX and COM objects. Stemming from the standard template library (STL) that comes with C++ compilers, ATL includes an object wizard that sets up , Tess and Americel - operate in the contiguous regions of Rio de Janeiro, the Sao Paulo Coast and Interior and the Central West, which includes the Federal District of Brasilia. Inquiries: Carlos Henrique Moreira President, Telecom Americas Brazil Tel: +55-21-528-9005 |
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