Conditions Of NetStar Acquisition Satisfactory To BCE.Business Editors MONTREAL--(BUSINESS WIRE)--March 28, 2000 (NYSE NYSE See: New York Stock Exchange :BCE)(ME:BCE.) (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :BCE.)(CDNX CDNX See Canadian Venture Exchange (CDNX). :BCE.) BCE Inc. today announced that the conditions relative to CTV's acquisition of NetStar, as set forth in the CRTC CRTC Canadian Radio-Television & Telecommunications Commission CRTC Combat Readiness Training Center CRTC Cathode Ray Tube Controller CRTC China Railway Telecommunications Center CRTC Cold Region Test Center CRTC Continuously Regenerated Trap Column decision of March 24, 2000, are satisfactory in relation to BCE's offer to purchase CTV. BCE also announced that the CRTC has approved its Voting Trust Agreement Voting Trust Agreement A contractual agreement detailing the specifics of the voting trust, including the name of its trustee, the effective timeframe, and the nature of its formation. and proposed Trustee. The appointment of Mr. Brian Aune as Trustee will be effective upon the successful completion of the transaction. Mr. Aune has extensive business experience. He is Chairman of a private investment company and former 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 a leading investment firm. The Trustee will enable the continued operation of CTV and its subsidiaries pending usual regulatory consideration, and will sit on CTV's Board of Directors. The CTV offer is open to all CTV shareholders and will expire on April 5, 2000. The offer remains contingent on, among other things, more than 50 per cent of shares being tendered. BCE is Canada's largest communications company. Through its operations in communications services, BCE provides residence and business customers in Canada with wireline and wireless communications products and applications, satellite communications and direct-to-home television services, systems integration expertise, electronic commerce solutions, Internet access and high-speed data services, and directories. Abroad, through Bell Canada International's investee companies, BCE provides communications services to nearly 6 million customers in Asia and Latin America. BCE also has an extensive international presence through Teleglobe, an international telecommunications carrier. BCE shares are listed in Canada, the United States and Europe. |
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