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To: puzzlecraft who wrote (7889)	3/24/2000 3:19:00 AM
From: waitwatchwander	Respond to of 13582

Thursday March 23, 6:22 pm Eastern Time BCI Brazil unit buys Net firm (Full text of press release from Canadian Corporate News) MARCH 23, 2000 BCI'S New Brazilian Internet Company Makes First Acquisition: BV Interativa Ltda Acquires BRHS S.A. MONTREAL, CANADA--Bell Canada International Inc. (``BCI') today announced that its new Brazilian Internet company, BV Interativa Ltda. (``BV Interativa'), has acquired the Brazilian Internet service provider, BRHS S.A. (``BRHS'), for a purchase price of approximately US$14 million (subject to certain adjustments). BV Interativa is a new venture which has been formed by BCI, VeloCom Inc. and QUALCOMM Inc., the partners in two Brazilian competitive access providers which are providing services in over forty Brazilian cities under the brand name, ``Vesper'. BCI holds a 45 % interest in BV Interativa. Headquartered in Belo Horizonte, BRHS is a Brazilian Internet Service Provider which provides a range of high quality Internet access and Web-based services to business and residential customers in 18 Brazilian cities, including 12 leading cities in the Vesper licensed territories. Mr. Louis Tanguay, President and Chief Operating Officer of BCI and Chairman of the Vesper companies, stated: ``The acquisition of BRHS represents a first step by BV Interativa into the fast-growing Brazilian Internet economy. The partners in BV Interativa intend to exploit the market and technical expertise of BRHS management and to build on the BRHS base by exploring and developing a variety of other promising opportunities. In doing so, BCI hopes to lever the growing Web expertise of our sister companies in the BCE group while complementing the high speed Internet access services of our Brazilian broadband cable operations.' Bell Canada International is in the business of building and developing advanced communications companies in markets outside Canada, with a focus on Latin America and the Asia-Pacific region. 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. 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 (Investor Enquiries) Vice-President, Finance (514) 392-2369 brian.quick@bci.ca Visit our Web site at www.bci.ca