Cable / Telecom News

BCE to buy back 10.3M common shares

MONTREAL – BCE will purchase 10.3 million of its common shares for cancellation, pursuant to private agreements with arm's-length third-party sellers. The common shares purchased will be counted towards the 40 million common shares that BCE is entitled to repurchase for cancellation under its normal course issuer bid which was approved on December 19, 2008. All purchases will take place before May 31, 2009, and BCE’s announcement said that it will not pay more than “the prevailing market price” of BCE's common shares on the Toronto Stock Exchange at the time of each purchase. www.bce.ca