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BCE’s new investment arm to fund emerging wireless Internet ventures

News | 02/19/2001 5:00 am EST

BCE Inc has diverted $30 million from its main venture fund to create a new R&D and investment pool for wireless Internet and data companies. Unveiled Feb. 12, Bell Mobility Investments (BMI) will act as the primary investment vehicle for Bell Mobility, which will be looking to take minority equity stakes in companies on the verge of commercializing wireless Internet or data technology.

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