Tuesday, October 10, 2006

Bell Canada Simplifies its Structure, Eliminating BCE Holding Company

BCE will eliminate its holding company operations and convert Bell Canada into an income trust. BCE common shares are to be exchanged on a one-for-one basis for units in the Bell Canada Income Fund.

"The elimination of BCE is a further step in our plan to focus on Bell and our communications operations," said Michael Sabia, Chief Executive Officer of BCE and Bell Canada. "That is the business we know. That is the business we will stick to."http://www.bell.ca

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