BCE Implements New Structure Following Strategic Acquisitions


	BCE Implements New Structure Following Strategic Acquisitions - "Focus is on connectivity, content and commerce" - "Organization structured around four main businesses" - "New Ventures group created to manage all other investments" MONTREAL, Oct. 25 -- BCE Inc. outlined today a corporate structure to bring greater focus to the company and deliver superior execution of its strategy. "This has been a pivotal year for BCE and we are now well-positioned to be Canada's premier Internet company focused on connectivity, content and commerce," said Jean C. Monty, Chairman and CEO of BCE. "The recent strong performance of Bell Canada is the result of the strategy implemented over the past two years, starting with the creation of Bell Nexxia, Canada's first national IP (Internet Protocol) network, to the privatization of Bell Mobility, and our increased national presence through Aliant, Bell Intrigna and MTS. What differentiates us in this industry is our proven operating capability and our proven ability to deliver in the new Internet Economy." "With the addition of our recent initiatives which include the acquisition of Teleglobe and the creation of a new media company, the time is right for BCE to implement a corporate structure that will bring focus to our operations and further focus management on the execution of our Internet strategy." Effective December 1st, BCE will center its activities around four operating businesses: Bell Canada (Canadian connectivity), Teleglobe (global connectivity), its new media company (content) and BCE Emergis (commerce). All other investments will be combined in a new group called BCE Ventures. BCE Ventures will include BCE's investments in: Bell Canada International (74%), Telesat Canada (100%), CGI (46%), BCE Capital (100%), Bimcor (100%), Excel Communications and Look Communications (100% and 25% respectively, acquired through the purchase of Teleglobe). Bill Anderson, currently Chief Financial Officer of BCE, will become President of the new unit. Mr. Anderson will continue to act as BCE's Chief Financial Officer until the appointment of his replacement. "The assets to be held by BCE Ventures represent investments in companies which are leaders in their field or which have solid records of success," said Mr. Anderson. "We believe there are opportunities to maximize the value of these investments either by continuing their growth and operating success, by expanding their scale or scope through mergers and alliances, or by outright disposition. In all circumstances, the objective will be to enhance shareholder value." Mr. Monty also announced that Michael Sabia who has been Executive Vice President of BCE will become President. In addition to his responsibilities at Bell Canada where he is Vice-Chair Corporate, Mr. Sabia will work with Mr. Monty in setting the overall direction of the Company. Mr. Sabia will oversee the execution of BCE's strategic and operating plans, especially the growing interdependence among the company's units. Bell Canada will continue to focus on being Canada's leading communications company offering its customers integrated information, communications and entertainment services. John Sheridan, formerly Vice-Chair Markets, is appointed President of Bell Canada, reporting to Mr. Monty, Chairman and CEO. Mr. Sheridan will continue to be responsible for the company's customer-facing groups. Bell Canada includes operations in Ontario and Quebec, Bell Nexxia, Bell Mobility, Bell ActiMedia and the company's interests in Aliant, MTS and other regional telephone companies. Following the creation of the new media company, Mr. Sheridan will also oversee the operations of Bell ExpressVu. Under the leadership of Terry Jarman, President and CEO, Teleglobe will continue its transformation to build and operate one of the world's most advanced broadband IP networks together with a globally distributed set of Internet data centers. Under the leadership of Ivan Fecan, President and CEO, BCE's new media company will bring together Canada's leading brands in Internet, print and broadcast - Sympatico, The Globe and Mail and CTV (subject to CRTC approval). The new company will focus on developing uniquely Canadian content for new and traditional media, thus strengthening BCE's ability to offer a broad range of content and connectivity services to our customers. BCE Emergis, led by Vice-Chairman and CEO Brian Edwards, will continue to develop into North America's leading e-commerce solutions provider. BCE Emergis will be an important source of e-commerce solutions for BCE's connectivity customers. Mr. Monty concluded: "The changes we are announcing today will focus all our energies on the execution of our plans and contribute to our continued success in the marketplace." BCE is Canada's largest communications company. Through its operations in communications services, BCE provides residence and business customers in Canada with wireline and wireless communications products and applications, satellite communications and direct-to-home television services, systems integration expertise, electronic commerce solutions, Internet access and high- speed data services, and directories. Abroad, through Bell Canada International, BCE provides communications services to millions of customers mostly from Latin America. BCE also has an extensive international presence through Teleglobe, an international telecommunications carrier. BCE shares are listed in Canada, the United States and Europe. _________________________________________ I ________________________________________I I I I I I I I - Chairman & CEO:Jean Monty I I I I I-I Bell I - President: John SheridanI I I Canada I I I I I - Vice Chair, Corporate: I I I I Michael Sabia I I I_______________________________________I I ________________________________________ I I I - Chairman: Jean Monty I I-I Teleglobe I - President & CEO: I I I I Terry Jarman I I I_______________________________________I I-I I-----------------------I I I ________________________________________ I BCE -Chairman & I I I I I I Inc. CEO: Jean Monty I---I I I Media I - Chairman: Jean Monty I I -President: I I I-I Co. I - President I I Michael Sabia I I I I & CEO: Ivan Fecan I I-----------------------I I I I________________________________________ I I _______________________________________I I I I I I I I BCE I - Chairman: Wes Scott I I I-I Emergis I - Vice-Chairman & CEO: I I I I Brian Edwards I I I I_______________________________________I I I_________________________________________I I I _________________________________________ I I ________________________________________I I I I BCE I I I-I-I Ventures I - President: Bill AndersonI I I___________I___________________________I I_________________________________________I As of December 1, 2000 -30- For further information: Don Doucette Communications, (514) 786-3924, Web site: www.bce.ca

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