BCE sale of stake in SkyTerra Communications yields proceeds of approximately $111 million
Supports Bell's strategic focus on Canadian broadband network and service investment
MONTREAL, April 6 2010 --BCE Inc. (TSX, NYSE: BCE) today announced it has completed the sale of its
22.1 million shares in satellite services company SkyTerra Communication Inc. following the acquisition of
SkyTerra by private investment firm Harbinger Capital Partners. The sale yielded proceeds of approximately
"The sale of our interest in SkyTerra is a perfect example of BCE's commitment to eliminate holdings in
businesses that do not enhance the execution of Bell's strategic imperatives," said Siim Vanaselja, Chief
Financial Officer for BCE and Bell Canada. "The proceeds of such transactions support Bell's strategy to
invest in broadband network and service expansion while achieving a competitive cost structure."
Bell is making significant investments in Canadian broadband, including the recent launch of its world-
leading HSPA+ wireless network and the rapid expansion of wireline fibre networks for consumer and
business customers, including the rollout of fibre-to-the-home (FTTH) in Québec and Ontario this year.
Harbinger's take-private transaction was an all-cash merger in which Harbinger acquired SkyTerra common
stock for US$5.00 per share, representing an approximate 56% premium over the average closing price of
SkyTerra's common stock for the 30 days ended September 22, 2009, the last day before the
announcement of the merger agreement. SkyTerra is a developer and supplier of mobile satellite
communications services (MSS) based in Reston, VA. For more information, please visit www.skyterra.com.
BCE is Canada's largest communications company, providing the most comprehensive and innovative suite
of communication services to residential and business customers in Canada. Operating
under the Bell and Bell Aliant brands, the Company's services include telephone services, wireless
communications, high-speed Internet, digital television, IP-broadband services and information and
communications technology (ICT) services. BCE shares are listed in Canada and the United States.
For further information:
For media inquiries:
Bell Media Relations,
For investor inquiries:
BCE Investor Relations,