HALIFAX, April 3 /CNW/ - Bell Aliant Regional Communications Income Fund
("Bell Aliant") (TSX: BA.UN) announced today that it has reached an agreement
with Amtelecom Income Fund ("Amtelecom") (TSX: AMT.UN) in respect of
Amtelecom's Unitholder Rights Plan as it relates to Bell Aliant's offer to
purchase all of the outstanding Amtelecom units for $13.00 cash per unit.
Bell Aliant and Amtelecom have agreed that Bell Aliant will extend the
expiry time of its offer until 5:00 pm (Eastern), April 13, 2007, and
Amtelecom will waive the application of its Unitholder Rights Plan to Bell
Aliant's offer as of that date. As a result, Bell Aliant will withdraw its
application currently before the Ontario Securities Commission, filed March
26, 2007 concerning Amtelecom's Rights Plan, and Amtelecom will withdraw its
response to Bell Aliant's application.
Bell Aliant expects to file and deliver a formal notice of extension of
its offer on or about April 3, 2007.
This news release contains certain forward-looking statements that
reflect the current views and/or expectations of Bell Aliant with respect to
future events. Such statements are subject to a number of risks, uncertainties
and assumptions. Actual results may vary significantly.
About Bell Aliant
Bell Aliant (TSX: BA.UN) is one of North America's largest regional
communications providers. Through its operating entities it serves customers
in six Canadian provinces with innovative information, communication and
technology services including voice, data, Internet, video and value-added
business solutions. Through its xwave offices, Bell Aliant also provides IT
professional services in Canada and the US. Bell Aliant's 10,000 employees are
committed to deliver the highest quality of customer service, choice and
For further information:
For further information: contact: Media Relations: Alyson Queen, Bell
Aliant Media Relations, (866) 696-6700, firstname.lastname@example.org; Investor
Relations: Zeda Redden, Bell Aliant Investor Relations, (877) 487-5726,