PRESS RELEASE:Bell Canada Intl Gets Nasdaq Delisting Warning
CCN R XBT tks publish CCNT900523 BI;BCICF NEWS RELEASE TRANSMITTED BY CCNMatthews FOR: BELL CANADA INTERNATIONAL INC. TSE SYMBOL: BI
NASDAQ SYMBOL: BCICF MAY 23, 2002 BCI Announces NASDAQ Delisting Determination MONTREAL, CANADA--@ell Canada International Inc. ("BCI") today
announced that it had received a NASDAQ staff determination on May 17, 2002 indicating that BCI fails to comply with the Minimum Bid Price requirement for continued
listing set forth in Marketplace Rule 4450(b)(4), and that its common shares are, therefore, subject to delisting from the NASDAQ National Market. BCI has requested a
hearing before a NASDAQ Listing Qualifications Panel to review the staff determination. The hearing request will stay the delisting of BCI's common shares pending the
Panel's decision. There can be no assurance that the Panel will grant BCI's request for continued listing. The listing of BCI's common shares on the Toronto Stock
Exchange is unaffected. BCI, through Telecom Americas, owns and operates 4 Brazilian B Band cellular companies serving more than 4.5 million subscribers in territories
of Brazil with a population of approximately 60 million. BCI is a subsidiary of BCE Inc., Canada's largest communications company. BCI is 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. This news release may contain or refer to
other communications that may contain certain forward-looking statements that reflect the current views and/or expectations of management with respect to performance,
business and future events. Forward looking statements include, without limitation, any statement that may predict, forecast, indicate or imply future results, performance,
or achievements, and may contain words like "believe", "anticipate", "expect", "envisages", "will likely result", or any other words or phrases of similar meaning. Such
statements are subject to a number of risks, uncertainties and assumptions. Actual results and events may vary significantly. -30- FOR FURTHER INFORMATION
PLEASE CONTACT: Bell Canada International Inc. Marie-Lise Gauthier Director, Finance (514) 392-2318 marie-lise.gauthier@bci.ca INDUSTRY: CMT SUBJECT: STK
(END) DOW JONES NEWS 05-23-02
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