AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
REPORT OF FOREIGN PRIVATE ISSUER
to Rule 13a-16 or 15d-16 under
the Securities Exchange Act of 1934
|For the month of: September 2004||
Commission File Number: 1-8481
(Translation of Registrants name into English)
rue de La Gauchetière Ouest, Bureau 3700, Montréal, Québec
H3B 4Y7, (514) 397-7000
(Address of principal executive offices)
Indicate by check mark whether the Registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
|Form 20-F||Form 40-F||
Indicate by check mark whether the Registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Notwithstanding any reference to BCEs Web site on the World Wide Web in the documents attached hereto, the information contained in BCEs site or any other site on the World Wide Web referred to in BCEs site is not a part of this Form 6-K and, therefore, is not filed with the Securities and Exchange Commission.
SELLS MTS COMMON SHARES
Montréal, Québec, September 23, 2004 BCE Inc. (BCE) today announced that, based on preliminary information released by Manitoba Telecom Services Inc. (MTS), it expects that approximately 7.5 million of its MTS common shares will be purchased by MTS at $43.00 per share under the terms and conditions of MTS substantial issuer bid which expired on September 21, 2004.
In addition, BCE also announced today the sale, through the facilities of the Toronto Stock Exchange, of 6 million of its MTS common shares at a price of $42.65 per share.
Following these transactions, BCE will hold approximately 150,000 MTS common shares and its equity interest in MTS will decrease from 15.96% to approximately 0.2%. Total proceeds from these transactions amount to approximately $578 million.
These transactions are consistent with BCEs previously announced intention to dispose of its interest in MTS.
Bell Canada Enterprises is Canadas largest communications company. Through its 26 million customer connections, BCE provides the most comprehensive and innovative suite of communication services to residential and business customers in Canada. Under the Bell brand, the companys services include local, long distance and wireless phone services, high speed and wireless Internet access, IP-broadband services, value-added business solutions and direct-to-home satellite and VDSL television services. Other BCE businesses include Canadas premier media company, Bell Globemedia, and Telesat, a pioneer and world leader in satellite operations and systems management. BCE shares are listed in Canada, the United States and Europe.
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|For further information:|
Web Site: www.bce.ca
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Michael T. Boychuk
Senior Vice-President and Treasurer
|Date: September 23, 2004|