NEWS RELEASE TRANSMITTED BY CCN - A NEWSWIRE SERVICE OF ITG

FOR:  BELL CANADA INTERNATIONAL INC.

TSE SYMBOL:  BI
NASDAQ SYMBOL:  BCICF

AUGUST 31, 2000 - 06:06 EDT

BCI Sells Stake in Taiwanese PCS Provider, KG Telecom

MONTREAL, CANADA-- 

* Sale generates gross proceeds of Cdn$790 million 

* Completes BCI's Asian divestiture program - Company now focused 
on Latin America 

* Gross proceeds from sale of Asian assets now totals Cdn$2.3 
billion 

Bell Canada International Inc. ("BCI") today announced that it has
signed a definitive share purchase agreement with Taiwan Cement 
Corporation to sell its 20 % minority interest in the Taiwanese 
PCS provider, KG Telecom, for NT$53 per share, generating gross 
proceeds to BCI of approximately Cdn$790 million.  Closing of the 
sale is conditional upon certain customary regulatory and 
contractual consents. 

The purchaser, Taiwan Cement Corporation, is a major company of 
the Koo Group, the largest shareholder of KG Telecom. 

BCI expects to receive in September an initial payment of 
approximately Cdn$120 million for a 3.1 % interest in KG Telecom. 
Under the terms of the agreement, Taiwan Cement Corporation has 
undertaken to pay the balance of the purchase price by no later 
than February 28, 2001, with the right to designate third parties 
to purchase all or part of the balance of BCI's interest at NT$53 
per share during the period up to February 28, 2001. 

Launched in late 1997, KG Telecom today provides a range of mobile
voice and data services to more than 1.7 million subscribers 
across the island of Taiwan.  Based on the transaction price of 
NT$53 per share, the value of BCI's investment has more than 
tripled in three years - generating an accounting gain of over 
Cdn$500 million and an annualized rate of return for BCI 
approaching 100 %. 

BCI's President and CEO Louis Tanguay stated, "During the past 
nine months, BCI has signed agreements to sell all our Asian 
assets, generating total gross proceeds of Cdn$2.3 billion and a 
net gain of Cdn$1.6 billion - almost a four-fold increase in the 
value of our original cash investment in these Asian ventures.  As
previously announced, our strategy going forward is to focus on 
Latin American growth opportunities." 

BCI owns, develops and operates advanced communications companies 
in markets outside Canada, with an increasing focus on South 
America.  A subsidiary of BCE Inc., Canada's largest 
communications company, BCI's shares are listed on the Toronto 
Stock Exchange under the symbol BI and on the NASDAQ National 
Market under the symbol BCICF.  Visit our Web site at www.bci.ca. 

-30-