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Article: BCI Unveils Recapitalization Plan.
- Article from:
- Business Wire
- Article date:
- December 3, 2001
CopyrightCOPYRIGHT 2001 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Business Editors
MONTREAL--(BUSINESS WIRE)--Dec. 3, 2001
- BCI commences $440 million Rights Offering
- Short term obligations totalling approximately $656 million to be settled
through issuance of BCI common shares
Bell Canada International Inc. ("BCI") (NASDAQ:BCICF) (TSE:BI.) today announced a Recapitalization Plan which will enable the Company to meet its short-term funding commitments, as well as a complementary plan which will result in the reorganization of the Latin American joint venture, Telecom Americas Ltd. ("Telecom Americas") into a company focused on the Brazilian mobile wireless market.
BCI's Chairman and CEO, Bill ...