BCE: Another Consortium Enters Privatization Talks

BCE's strategic oversight committee said a group including Cerberus Capital Management LP and a group of Canadian investors is entering into discussions to explore the possibility of taking BCE private.

BCE said members of the group have signed non-disclosure and standstill agreements with BCE on a non-exclusive basis.

The Montreal communications company had previously announced its intention to review all strategic alternatives with a view to further enhance shareholder value. The review is expected to be completed in the third quarter of 2007.

-Tara Zachariah; 416-306-2100; AskNewswires@dowjones.com

(END) Dow Jones Newswires"

Posted to the site on 23rd May 2007