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BCE to be wound down, Bell Canada to convert to income trust

BCE announced today that it will eliminate its holding company operations and convert Bell Canada into an income tr...


October 11, 2006  


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BCE announced today that it will eliminate its holding company operations and convert Bell Canada into an income trust.

The trust, to be known as the Bell Canada Income Fund, is designed to create value for shareholders through increased cash distributions and to ensure there will continue to be competitive parity in the capital markets within the telecom sector.

“The elimination of BCE is a further step in our plan to focus on Bell and our communications operations,” said Michael Sabia, CEO of BCE and Bell Canada. “That is the business we know. That is the business we will stick to.”