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Bell Unveils Ambitious AI Infrastructure Network Across Canada
Bell Unveils Ambitious AI Infrastructure Network Across Canada

Arabian Post

time18 hours ago

  • Business
  • Arabian Post

Bell Unveils Ambitious AI Infrastructure Network Across Canada

Bell Canada has launched a major initiative to bolster the country's artificial intelligence capabilities through the establishment of a nationwide network of high-performance, hydroelectric-powered data centres. Dubbed Bell AI Fabric, the project aims to provide 500 megawatts of AI computing capacity, marking a significant step in enhancing Canada's sovereign AI infrastructure. The first facility, a 7-megawatt data centre in Kamloops, British Columbia, is set to commence operations this month. This centre is developed in partnership with Groq, an AI inference provider and chip designer. A second 7-megawatt facility in Merritt, British Columbia, is scheduled to open by the end of the year. Additionally, two larger 26-megawatt data centres are planned for Kamloops, with the first expected to open in 2026 at Thompson Rivers University and the second in 2027. Two more data centres, with a combined capacity exceeding 400 megawatts, are in advanced planning stages. Groq's advanced Language Processing Units will power these centres, offering faster inference performance at lower costs compared to existing market alternatives. This technology is particularly suited for large language models, enhancing the efficiency of AI workloads. ADVERTISEMENT The initiative also includes an academic partnership with Thompson Rivers University. The data centre at the university will support AI training and inference, providing students and faculty with access to cutting-edge computing capabilities. Moreover, the facility will integrate into the district energy system, repurposing waste heat to supply energy to the university's buildings.

Bell Canada and National Indigenous Connectivity Inc. to advance broadband and wireless access for rural and remote First Nations Communities
Bell Canada and National Indigenous Connectivity Inc. to advance broadband and wireless access for rural and remote First Nations Communities

Associated Press

timea day ago

  • Business
  • Associated Press

Bell Canada and National Indigenous Connectivity Inc. to advance broadband and wireless access for rural and remote First Nations Communities

This news release contains forward-looking statements. For a description of the related risk factors and assumptions, please see the section entitled 'Caution Concerning Forward-Looking Statements' later in this news release. MONTRÉAL, June 2, 2025 /CNW/ - Bell Canada and National Indigenous Connectivity Inc. (NICI) today announced a new Reconciliation Agreement with the shared goal to advance connectivity in rural and remote First Nations communities. NICI is a 100% Indigenous-owned technology company that advocates for wireless spectrum access and high-speed Internet for all First Nations. In response to the 2024 Assembly of First Nations (AFN) and Indigenous Services Canada report, Closing the Infrastructure Gap, Bell and NICI will work together to expand infrastructure and service delivery in underserved First Nations communities by 2030. This partnership builds on Bell's 2024 commitment, which affirms the company's ongoing dedication to fostering positive and mutually respectful relationships with Indigenous Peoples and communities. Bell and NICI will work collaboratively to implement their Reconciliation Agreement. As part of the agreement, Bell will work with NICI on long-term broadband and wireless deployment plans. Bell is also reaffirming its commitment that employees working with Indigenous communities complete training aligned with the Truth and Reconciliation Commission's Call to Action #92. 'Bell fully supports the National Indigenous Connectivity Inc's goal of closing the digital infrastructure gap in rural and remote First Nations communities. To close this gap, we need stable, long-term public policy and a regulatory environment that enables private sector investment in telecommunications networks. Together with NICI, we can build, grow, and connect Canadians to support continued private investment in critical network connectivity to First Nations communities.' - Michele Austin, Vice-President, Public Affairs, Bell Canada. 'Many Indigenous communities still lack reliable, high-speed internet, limiting opportunities and essential services. We believe that connectivity is a fundamental right – essential for education, economic development, healthcare, and self-determination. The National Indigenous Connectivity Initiative (NICI) is committed to advocating for all remote and rural First Nations across Canada to have access to spectrum and high-speed internet.' - Leoni Rivers, Chief Executive Officer, National Indigenous Connectivity Inc. Bell is Canada's largest communications company1, providing advanced broadband Internet, wireless, TV, media and business communication services. Founded in Montréal in 1880, Bell is wholly owned by BCE Inc. To learn more, please visit or Through Bell for Better, we are investing to create a better today and a better tomorrow by supporting the social and economic prosperity of our communities. This includes the Bell Let's Talk initiative, which promotes Canadian mental health with national awareness and anti-stigma campaigns like Bell Let's Talk Day and significant Bell funding of community care and access, research and workplace leadership initiatives throughout the country. To learn more, please visit NICI is a national, Indigenous-led organization focused on advocacy, access to spectrum, and high-speed internet services for remote and rural First Nations communities across Canada. NICI is supported by the Assembly of First Nations and is focused on ensuring that all First Nations communities have access to the digital tools needed to thrive in the modern economy. The NICI calls for Indigenous Services Canada (ISC) to support NICI in ensuring high-speed internet solutions developed by First Nations for First Nations, dedicated federal funding to ensure long-term investment in Indigenous connectivity initiatives and training, and for ISC and Innovation, Science and Economic Development Canada (ISED) to work directly with NICI to increase Indigenous service-provider capacities, access to spectrum, market data, and policy frameworks. Bell Media Relations: [email protected] National Indigenous Connectivity Inc.: Leoni Rivers, Chief Executive Officer [email protected] Certain statements made in this news release are forward-looking statements, including statements relating to the agreement between Bell Canada and NICI intended to advance connectivity in rural and remote First Nations communities (the 'Reconciliation Agreement') and the benefits expected to result therefrom, the planned expansion of infrastructure and service delivery in underserved First Nations communities by 2030, Bell Canada's and NICI's long-term network deployment plans, and other statements that are not historical facts. All such forward-looking statements are made pursuant to the 'safe harbour' provisions of applicable Canadian securities laws and of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements are subject to inherent risks and uncertainties and are based on several assumptions which give rise to the possibility that actual results or events could differ materially from our expectations. These statements are not guarantees of future performance or events, and we caution you against relying on any of these forward-looking statements. The forward-looking statements contained in this news release describe Bell Canada's expectations at the date of this news release and, accordingly, are subject to change after such date. Except as may be required by applicable securities laws, Bell Canada does not undertake any obligation to update or revise any forward-looking statements contained in this news release, whether as a result of new information, future events or otherwise. Forward-looking statements made in this news release, including the planned expansion of infrastructure and service delivery in underserved First Nations communities by 2030, Bell Canada's and NICI's long-term network deployment plans, and the benefits expected to result from the Reconciliation Agreement, are subject to certain risks and uncertainties and are based on certain assumptions including, without limitation, the prevailing regulatory environment as well as the availability of sufficient equipment, labour and capital. Accordingly, there can be no assurance that the planned expansion of infrastructure and service delivery in underserved First Nations communities by 2030, as well as Bell Canada's and NICI's long-term network deployment plans, will be completed, or that the benefits expected to result from the Reconciliation Agreement will be realized. For additional information on assumptions and risks underlying certain of our forward-looking statements made in this news release, please consult BCE Inc.'s (BCE) 2024 Annual MD&A dated March 6, 2025, BCE's 2025 First Quarter MD&A dated May 7, 2025 and BCE's news release dated May 8, 2025 announcing its financial results for the first quarter of 2025, filed with the Canadian provincial securities regulatory authorities (available at and with the U.S. Securities and Exchange Commission (available at These documents are also available at SOURCE Bell Canada (MTL)

Bell Announces Cash Tender Offers for Four Series of Debt Securities
Bell Announces Cash Tender Offers for Four Series of Debt Securities

Associated Press

timea day ago

  • Business
  • Associated Press

Bell Announces Cash Tender Offers for Four Series of Debt Securities

This news release contains forward-looking statements. For a description of the related risk factors and assumptions, please see the section entitled 'Caution Concerning Forward-Looking Statements' later in this news release. MONTRÉAL, June 2, 2025 /CNW/ - Bell Canada ('Bell' or the 'Company') today announced the commencement of separate offers (the 'Offers') to purchase for cash up to C$500,000,000 (the 'Maximum Purchase Amount') in aggregate purchase price, excluding accrued and unpaid interest, of its outstanding debentures of the four series listed in the table below (collectively, the 'Debentures'), which Maximum Purchase Amount may be increased, decreased or waived by the Company in its sole discretion. The Offers are made upon the terms and subject to the conditions set forth in the Offer to Purchase dated June 2, 2025, relating to the Debentures (the 'Offer to Purchase'). The Debentures are unconditionally guaranteed as to payment of principal, interest and other obligations by BCE Inc. ('BCE'), Bell Canada's parent company. Capitalized terms used but not defined in this news release have the meanings given to them in the Offer to Purchase. The amount of Debentures purchased in the Offers and the allocation of such amount between the four series listed below will be determined by the Company, in its sole discretion. The Offers may be subject to proration as described in the Offer to Purchase. The Offers will expire at 5:00 p.m. (Eastern time) on June 9, 2025, unless extended or earlier terminated by the Company (such date and time with respect to an Offer, as the same may be extended with respect to such Offer, the 'Expiration Date'). Debentures may be validly withdrawn at any time at or prior to 5:00 p.m. (Eastern time) on June 9, 2025 (such date and time with respect to an Offer, as the same may be extended with respect to such Offer, the 'Withdrawal Date'), unless extended by the Company with respect to any Offer. Settlement for all Debentures tendered prior to the Expiration Date will be three business days after the Expiration Date, which is expected to be June 12, 2025, unless extended by the Company with respect to any Offer (the 'Settlement Date'). Upon the terms and subject to the conditions set forth in the Offer to Purchase, Holders whose Debentures are accepted for purchase in the Offers will receive the applicable Total Consideration for each C$1,000 principal amount of such Debentures in cash on the Settlement Date. Promptly after 11:00 a.m. (Eastern time) on June 10, 2025, the Price Determination Date, unless extended by the Company with respect to any Offer, the Company will issue a press release specifying, among other things, the Total Consideration for each series of Debentures validly tendered and accepted. In addition to the applicable Total Consideration, Holders whose Debentures are accepted for purchase by the Company will receive a cash payment equal to the accrued and unpaid interest on such Debentures from and including the immediately preceding interest payment date for such Debentures to, but excluding, the Settlement Date (the 'Accrued Coupon Payment'). Interest will cease to accrue on the Settlement Date for all Debentures accepted in the Offers. Under no circumstances will any interest be payable because of any delay in the transmission of funds to Holders by CDS Clearing and Depository Services Inc. ('CDS') or its participants. Any Debentures validly tendered pursuant to the Offers but not accepted for purchase by the Company will be returned promptly to the tendering Holders thereof. The Company may increase or waive the Maximum Purchase Amount with or without extending the Withdrawal Date. If Holders tender more Debentures in the Offers than they expect to be accepted for purchase based on the Maximum Purchase Amount and the Company subsequently accepts more than such Holders expected of such Debentures tendered as a result of an increase of the Maximum Purchase Amount, such Holders may not be able to withdraw any of their previously tendered Debentures. The Offers are subject to the satisfaction of certain conditions as described in the Offer to Purchase. The Company reserves the right, subject to applicable law, to waive any and all conditions to any Offer. If any of the conditions is not satisfied, the Company is not obligated to accept for payment, purchase or pay for, and may delay the acceptance for payment of, any tendered Debentures, in each event subject to applicable laws, and may terminate or alter any or all of the Offers. The Offers are not conditioned on the tender of any aggregate minimum principal amount of Debentures of any series (subject to minimum denomination requirements as set forth in the Offer to Purchase). The Company has retained CIBC World Markets Inc. ('CIBC'), RBC Dominion Securities Inc. ('RBC'), Scotia Capital Inc. ('Scotia') and TD Securities Inc. ('TD') to act as dealer managers (the 'Dealer Managers') for the Offers. Questions regarding the terms and conditions for the Offers or for copies of the Offer to Purchase should be directed to CIBC at 416.594.8515, RBC at 1.877.381.2099 (toll-free) or 416.842.6311 (collect), Scotia at 416.863.7438 or TD at 1.866.584.2096 (toll-free) or 416.982.6451 (collect). You may also contact your broker, dealer, commercial bank, trust company or other nominee for assistance concerning the Offers. TSX Trust Company will act as the Tender Agent for the Offers. If the Company terminates any Offer with respect to one or more series of Debentures, it will give prompt notice to the Tender Agent, and all Debentures tendered pursuant to such terminated Offer will be returned promptly to the tendering Holders thereof. With effect from such termination, any Debentures blocked in CDS will be released. Holders are advised to check with any bank, securities broker or other intermediary through which they hold Debentures as to when such intermediary would need to receive instructions from a beneficial owner in order for that Holder to be able to participate in, or withdraw their instruction to participate in the Offers before the deadlines specified herein and in the Offer to Purchase. The deadlines set by any such intermediary and CDS for the submission and withdrawal of tender instructions will also be earlier than the relevant deadlines specified herein and in the Offer to Purchase. The Offers are being made solely pursuant to the Offer to Purchase. This news release does not constitute a solicitation of an offer to buy any securities in the United States. No Offer constitutes an offer or an invitation by, or on behalf of, BCE, the Company or the Dealer Managers (i) to participate in the Offers in the United States; (ii) to, or for the account or benefit of, any 'U.S. person' (as such term is defined in Regulation S of the U.S. Securities Act of 1933, as amended); or (iii) to participate in the Offers in any jurisdiction in which it is unlawful to make such an offer or solicitation in such jurisdiction, and such persons are not eligible to participate in or tender any securities pursuant to the Offers. No action has been or will be taken in the United States or any other jurisdiction that would permit the possession, circulation or distribution of this news release, the Offer to Purchase or any other offering material or advertisements in connection with the Offers to (i) any person in the United States; (ii) any U.S. person; (iii) anyone in any other jurisdiction in which such offer or solicitation is not authorized; or (iv) any person to whom it is unlawful to make such offer or solicitation. Accordingly, neither this news release, the Offer to Purchase nor any other offering material or advertisements in connection with the Offers may be distributed or published, in or from the United States or any such other jurisdiction (except in compliance with any applicable rules or regulations of such other jurisdiction). Tenders will not be accepted from any holder located or resident in the United States. In any jurisdiction in which the securities laws require the Offers to be made by a licensed broker or dealer, the Offers will be deemed to have been made on behalf of the Company by the Dealer Managers or one or more registered brokers or dealers that are licensed under the laws of such jurisdiction. This news release is for informational purposes only. This news release is not an offer to purchase or a solicitation of an offer to sell any Debentures or any other securities of BCE, the Company or any of their subsidiaries. Certain statements made in this news release are forward-looking statements, including, but not limited to, statements regarding the terms and timing for completion of the Offers, including the acceptance for purchase of any Debentures validly tendered and the expected Expiration Date and Settlement Date thereof; and the satisfaction or waiver of certain conditions of the Offers. All such forward-looking statements are made pursuant to the 'safe harbour' provisions of applicable Canadian securities laws and of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements, by their very nature, are subject to inherent risks and uncertainties and are based on several assumptions, both general and specific, which give rise to the possibility that actual results or events could differ materially from our expectations expressed in or implied by such forward-looking statements. These statements are not guarantees of future performance or events and we caution you against relying on any of these forward-looking statements. The forward-looking statements contained in this news release describe our expectations at the date of this news release and, accordingly, are subject to change after such date. Except as may be required by applicable securities laws, we do not undertake any obligation to update or revise any forward-looking statements contained in this news release, whether as a result of new information, future events or otherwise. Forward-looking statements are provided herein for the purpose of giving information about the proposed Offers referred to above. Readers are cautioned that such information may not be appropriate for other purposes. The Company's obligation to complete an Offer with respect to a particular series of Debentures validly tendered is conditioned on the satisfaction of conditions described in the Offer to Purchase. Accordingly, there can be no assurance that repurchases of the Debentures under the Offers will occur, or that it will occur at the expected time indicated in this news release. Bell is Canada's largest communications company1, providing advanced broadband Internet, wireless, TV, media and business communication services. Founded in Montréal in 1880, Bell is wholly owned by BCE. To learn more, please visit or Through Bell forBetter we are investing to create a better today and a better tomorrow by supporting the social and economic prosperity of our communities. This includes the Bell Let's Talk initiative, which promotes Canadian mental health with national awareness and anti-stigma campaigns like Bell Let's Talk Day and significant Bell funding of community care and access, research and workplace leadership initiatives throughout the country. To learn more, please visit Media Inquiries: Ellen Murphy [email protected] Investor Inquiries: Richard Bengian [email protected] SOURCE Bell Canada (MTL)

Bell Announces Cash Tender Offers for Four Series of Debt Securities Français
Bell Announces Cash Tender Offers for Four Series of Debt Securities Français

Cision Canada

timea day ago

  • Business
  • Cision Canada

Bell Announces Cash Tender Offers for Four Series of Debt Securities Français

This news release contains forward-looking statements. For a description of the related risk factors and assumptions, please see the section entitled "Caution Concerning Forward-Looking Statements" later in this news release. MONTRÉAL, June 2, 2025 /CNW/ - Bell Canada ("Bell" or the "Company") today announced the commencement of separate offers (the "Offers") to purchase for cash up to C$500,000,000 (the "Maximum Purchase Amount") in aggregate purchase price, excluding accrued and unpaid interest, of its outstanding debentures of the four series listed in the table below (collectively, the "Debentures"), which Maximum Purchase Amount may be increased, decreased or waived by the Company in its sole discretion. The Offers The Offers are made upon the terms and subject to the conditions set forth in the Offer to Purchase dated June 2, 2025, relating to the Debentures (the "Offer to Purchase"). The Debentures are unconditionally guaranteed as to payment of principal, interest and other obligations by BCE Inc. ("BCE"), Bell Canada's parent company. Capitalized terms used but not defined in this news release have the meanings given to them in the Offer to Purchase. The amount of Debentures purchased in the Offers and the allocation of such amount between the four series listed below will be determined by the Company, in its sole discretion. The Offers may be subject to proration as described in the Offer to Purchase. (1) No representation is made by the Company as to the correctness or accuracy of the CUSIP numbers or ISINs listed in this news release or printed on the Debentures. They are provided solely for convenience. (2) The total consideration for each series of Debentures (such consideration, the "Total Consideration") payable per each C$1,000 principal amount of such series of Debentures validly tendered for purchase will be based on the applicable Fixed Spread specified in the table above for such series of Debentures, plus the applicable yield based on the bid-side price of the applicable Canadian reference security as specified in the table above, as quoted on the applicable Bloomberg Reference Page as of 11:00 a.m. (Eastern time) on June 10, 2025, unless extended by the Company with respect to the applicable Offer (such date and time with respect to an Offer, as the same may be extended by the Company with respect to such Offer, the "Price Determination Date"). The Total Consideration does not include the applicable Accrued Coupon Payment (as defined below), which will be payable in cash in addition to the applicable Total Consideration. Terms of the Offers The Offers will expire at 5:00 p.m. (Eastern time) on June 9, 2025, unless extended or earlier terminated by the Company (such date and time with respect to an Offer, as the same may be extended with respect to such Offer, the "Expiration Date"). Debentures may be validly withdrawn at any time at or prior to 5:00 p.m. (Eastern time) on June 9, 2025 (such date and time with respect to an Offer, as the same may be extended with respect to such Offer, the "Withdrawal Date"), unless extended by the Company with respect to any Offer. Settlement for all Debentures tendered prior to the Expiration Date will be three business days after the Expiration Date, which is expected to be June 12, 2025, unless extended by the Company with respect to any Offer (the "Settlement Date"). Upon the terms and subject to the conditions set forth in the Offer to Purchase, Holders whose Debentures are accepted for purchase in the Offers will receive the applicable Total Consideration for each C$1,000 principal amount of such Debentures in cash on the Settlement Date. Promptly after 11:00 a.m. (Eastern time) on June 10, 2025, the Price Determination Date, unless extended by the Company with respect to any Offer, the Company will issue a press release specifying, among other things, the Total Consideration for each series of Debentures validly tendered and accepted. In addition to the applicable Total Consideration, Holders whose Debentures are accepted for purchase by the Company will receive a cash payment equal to the accrued and unpaid interest on such Debentures from and including the immediately preceding interest payment date for such Debentures to, but excluding, the Settlement Date (the "Accrued Coupon Payment"). Interest will cease to accrue on the Settlement Date for all Debentures accepted in the Offers. Under no circumstances will any interest be payable because of any delay in the transmission of funds to Holders by CDS Clearing and Depository Services Inc. ("CDS") or its participants. Any Debentures validly tendered pursuant to the Offers but not accepted for purchase by the Company will be returned promptly to the tendering Holders thereof. The Company may increase or waive the Maximum Purchase Amount with or without extending the Withdrawal Date. If Holders tender more Debentures in the Offers than they expect to be accepted for purchase based on the Maximum Purchase Amount and the Company subsequently accepts more than such Holders expected of such Debentures tendered as a result of an increase of the Maximum Purchase Amount, such Holders may not be able to withdraw any of their previously tendered Debentures. The Offers are subject to the satisfaction of certain conditions as described in the Offer to Purchase. The Company reserves the right, subject to applicable law, to waive any and all conditions to any Offer. If any of the conditions is not satisfied, the Company is not obligated to accept for payment, purchase or pay for, and may delay the acceptance for payment of, any tendered Debentures, in each event subject to applicable laws, and may terminate or alter any or all of the Offers. The Offers are not conditioned on the tender of any aggregate minimum principal amount of Debentures of any series (subject to minimum denomination requirements as set forth in the Offer to Purchase). The Company has retained CIBC World Markets Inc. ("CIBC"), RBC Dominion Securities Inc. ("RBC"), Scotia Capital Inc. ("Scotia") and TD Securities Inc. ("TD") to act as dealer managers (the "Dealer Managers") for the Offers. Questions regarding the terms and conditions for the Offers or for copies of the Offer to Purchase should be directed to CIBC at 416.594.8515, RBC at 1.877.381.2099 (toll-free) or 416.842.6311 (collect), Scotia at 416.863.7438 or TD at 1.866.584.2096 (toll-free) or 416.982.6451 (collect). You may also contact your broker, dealer, commercial bank, trust company or other nominee for assistance concerning the Offers. TSX Trust Company will act as the Tender Agent for the Offers. If the Company terminates any Offer with respect to one or more series of Debentures, it will give prompt notice to the Tender Agent, and all Debentures tendered pursuant to such terminated Offer will be returned promptly to the tendering Holders thereof. With effect from such termination, any Debentures blocked in CDS will be released. Holders are advised to check with any bank, securities broker or other intermediary through which they hold Debentures as to when such intermediary would need to receive instructions from a beneficial owner in order for that Holder to be able to participate in, or withdraw their instruction to participate in the Offers before the deadlines specified herein and in the Offer to Purchase. The deadlines set by any such intermediary and CDS for the submission and withdrawal of tender instructions will also be earlier than the relevant deadlines specified herein and in the Offer to Purchase. Offer and Distribution Restrictions The Offers are being made solely pursuant to the Offer to Purchase. This news release does not constitute a solicitation of an offer to buy any securities in the United States. No Offer constitutes an offer or an invitation by, or on behalf of, BCE, the Company or the Dealer Managers (i) to participate in the Offers in the United States; (ii) to, or for the account or benefit of, any "U.S. person" (as such term is defined in Regulation S of the U.S. Securities Act of 1933, as amended); or (iii) to participate in the Offers in any jurisdiction in which it is unlawful to make such an offer or solicitation in such jurisdiction, and such persons are not eligible to participate in or tender any securities pursuant to the Offers. No action has been or will be taken in the United States or any other jurisdiction that would permit the possession, circulation or distribution of this news release, the Offer to Purchase or any other offering material or advertisements in connection with the Offers to (i) any person in the United States; (ii) any U.S. person; (iii) anyone in any other jurisdiction in which such offer or solicitation is not authorized; or (iv) any person to whom it is unlawful to make such offer or solicitation. Accordingly, neither this news release, the Offer to Purchase nor any other offering material or advertisements in connection with the Offers may be distributed or published, in or from the United States or any such other jurisdiction (except in compliance with any applicable rules or regulations of such other jurisdiction). Tenders will not be accepted from any holder located or resident in the United States. In any jurisdiction in which the securities laws require the Offers to be made by a licensed broker or dealer, the Offers will be deemed to have been made on behalf of the Company by the Dealer Managers or one or more registered brokers or dealers that are licensed under the laws of such jurisdiction. This news release is for informational purposes only. This news release is not an offer to purchase or a solicitation of an offer to sell any Debentures or any other securities of BCE, the Company or any of their subsidiaries. Caution Concerning Forward-Looking Statements Certain statements made in this news release are forward-looking statements, including, but not limited to, statements regarding the terms and timing for completion of the Offers, including the acceptance for purchase of any Debentures validly tendered and the expected Expiration Date and Settlement Date thereof; and the satisfaction or waiver of certain conditions of the Offers. All such forward-looking statements are made pursuant to the "safe harbour" provisions of applicable Canadian securities laws and of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements, by their very nature, are subject to inherent risks and uncertainties and are based on several assumptions, both general and specific, which give rise to the possibility that actual results or events could differ materially from our expectations expressed in or implied by such forward-looking statements. These statements are not guarantees of future performance or events and we caution you against relying on any of these forward-looking statements. The forward-looking statements contained in this news release describe our expectations at the date of this news release and, accordingly, are subject to change after such date. Except as may be required by applicable securities laws, we do not undertake any obligation to update or revise any forward-looking statements contained in this news release, whether as a result of new information, future events or otherwise. Forward-looking statements are provided herein for the purpose of giving information about the proposed Offers referred to above. Readers are cautioned that such information may not be appropriate for other purposes. The Company's obligation to complete an Offer with respect to a particular series of Debentures validly tendered is conditioned on the satisfaction of conditions described in the Offer to Purchase. Accordingly, there can be no assurance that repurchases of the Debentures under the Offers will occur, or that it will occur at the expected time indicated in this news release. About Bell Bell is Canada's largest communications company 1, providing advanced broadband Internet, wireless, TV, media and business communication services. Founded in Montréal in 1880, Bell is wholly owned by BCE. To learn more, please visit or Through Bell for Better we are investing to create a better today and a better tomorrow by supporting the social and economic prosperity of our communities. This includes the Bell Let's Talk initiative, which promotes Canadian mental health with national awareness and anti-stigma campaigns like Bell Let's Talk Day and significant Bell funding of community care and access, research and workplace leadership initiatives throughout the country. To learn more, please visit Media Inquiries: Ellen Murphy [email protected] Investor Inquiries: Richard Bengian [email protected]

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