Why has BCE decided to pursue this transaction with Aliant?
The following is a summary of the principal strategic benefits of the transaction for BCE: • Creates the largest North American regional telecommunications service provider, spanning six provinces, while being one of the largest wireline operations in North America; • Simplifies Bell Canadas regional asset structure; • Creates an entity well suited for an income trust The predictability and stability of the cash flows of the combined operations provides strong incentive to structure them under an income trust; • Sharpens focus on customer needs for lower density markets with dedicated management team; • Combines Bell Canadas wireless operations Under the Fund transaction, Bell Canada took full ownership of Aliants wireless assets and DownEast retail distribution network; • Surfaces value and return of capital to shareholders. For more information on the new Income Fund, please refer to the BCE Management Proxy Circular.
