Télébec and NorthernTel cancel meetings of debentureholders

HALIFAX, Oct. 25 /CNW/ - Télébec, Limited Partnership ("Télébec") and NorthernTel, Limited Partnership ("NorthernTel") announced today that, due to feedback from debentureholders, they have each cancelled the meetings of debentureholders that had been scheduled for November 1, 2010. The meetings had been scheduled to consider certain proposed trust indenture amendments in connection with a proposed transfer of all or substantially all of the assets and undertaking of Télébec and NorthernTel to Bell Aliant Regional Communications, Limited Partnership.

The meetings have been cancelled as feedback from debentureholders to date has indicated that the proposed amendments to the debentures would not receive the required approval of the votes cast (66 2/3 per cent for Télébec and 75 per cent for NorthernTel).

Télébec and NorthernTel, or either of them, may in the future revisit the proposed amendments to their debentures or propose alternative or additional amendments. If any determination is made in this regard, Télébec and NorthernTel will advise the respective debentureholders accordingly.

About Bell Aliant

Bell Aliant (TSX: BA.UN) is one of North America's largest regional communications providers and the first company in Canada to cover an entire city with fibre-to-the-home (FTTH) technology with its FibreOP(TM) services. 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 and advanced technology solutions. Bell Aliant's employees deliver the highest quality of customer service, choice and convenience. For more information about Bell Aliant visit www.bellaliant.ca.

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For further information: Media Relations: Alyson Queen, 866-696-6700, [email protected]; Investor Relations: Zeda Redden, 877-487-5726, [email protected]