Bell Canada, Partners Start Up Brazilian Internet Venture

Bell Canada International
(BCI) this week took a 45 percent stake in Brazil’s BV Interativa, a new company formed to pursue Internet
access and Web-based services opportunities in the region.

BCI’s (BCICF) partners in BV Interativa are U.S.-based VeloCom and Qualcomm — existing BCI partners in two
Brazilian competitive access companies providing services under the brand
name Vesper in 40 Brazilian cities, with an initial fixed wireless
network capacity of 2.7 million lines.

“BCI and our BV Interativa partners intend to explore and develop a variety of promising opportunities in the Brazilian Internet market — from dial-up and high speed Internet access services to e-commerce and Web hosting,” said Louis Tanguay, BCI president and chief operating officer and chairman of the Vesper companies.

Bell Canada International builds and develops communications
companies in markets outside Canada, with a focus on Latin America and the
Asia-Pacific region.

BCI is a subsidiary of BCE Inc. Canada’s largest communications company, employing 58,000 people and with
assets valued at more than $32 billion.

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