BCI Completes Sale of Taiwanese PCS Asset: Transaction
Generates Gross Proceeds Equivalent to Cdn$785 Million

MONTREAL, QUEBEC, FEBRUARY 23, 2001, 09:20 EST -- Bell Canada International Inc (BCI) today
announced that it has completed the transaction announced on
August 31, 2000 to sell its 20% minority interest in the Taiwanese
PCS provider, KG Telecom for NT$53 per share, generating gross
proceeds equivalent to approximately Cdn$785 million at current
exchange rates.

BCI's President and CEO Louis Tanguay stated, "With the closing of
the KG Telecom transaction, BCI has completed the divestment of
all its Asian assets - in Taiwan, Korea, China and India.  Under
the skilled leadership of John Cheh, the President of BCI Asia,
this divestment process has produced excellent financial results,
with total gross proceeds of Cdn$2.3 billion - almost a fourfold
increase in the value of BCI's original cash investment in the
Asian ventures."

Mr. Tanguay added, "The capital generated by the Asian divestment
process has been used to eliminate BCI's short term debt and is
earmarked to finance our expansion in Latin America through
Telecom Américas Ltd. - our new joint venture company formed in
partnership with Mexico's América Móvil and Texas-based SBC
Communications."

BCI owns, develops and operates advanced communications companies
in markets outside Canada, with a focus on Latin 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.

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FOR FURTHER INFORMATION PLEASE CONTACT:
Bell Canada International Inc.
Peter Burn (Media Enquiries)
Vice-President, Corporate Affairs
(514) 392-2357
peter.burn@bci.ca
or
Bell Canada International Inc.
Brian Quick (Investors)
Vice-President, Finance
(514) 392-2369
brian.quick@bci.ca