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BCE reports 2005 year-end and fourth quarter results (10922 words) |
 | BCE also provided details of its business plan for 2006 and announced the use of proceeds from recent asset sales and further initiatives in the company's ongoing asset review. |
| BCE disposed of a significant portion of its interest in CGI Group Inc. in early January 2006 and expects to dispose of its remaining interest during the course of the year. |
| Operating Income and EBITDA Operating income at BCE for the quarter was $979 million, compared with $814 million for Q4 2004, while Bell Canada operating income increased to $884 million from $731 million for the same respective period. |
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TheStreet.com: BCE to Spin Off 37% Stake in Nortel to BCE Shareholders (517 words) |
| BCE, which owns about 39% of Nortel, one of the world's biggest communication equipment makers, said it would distribute about 37% to BCE shareholders while retaining the remaining 2%. |
| BCE had been under pressure from investors to spin off its Nortel stake in order to increase the value of the company's other holdings. |
| BCE's other holdings include Bell Canada, the nation's biggest phone company, as well as CGI and BCE Emergis, which are involved in systems integration and electronic commerce, and BCE Media, a programming and content company. |
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