Bell Aliant gets approval to de-list Bell Nordiq

19 Jan 2007

Bell Nordiq Income Fund unitholders have approved an offer by Bell Aliant Regional Communications Income Fund to de-list its subsidiary income fund. A total of 99.8% of all votes cast and 99.3% of votes cast by minority unitholders approved the move. Bell Nordiq will be de-listed from the Toronto Stock Exchange as of 30 January, dependent on all conditions being satisfied by 22 January, the funds said in a statement. According to TeleGeography’s GlobalComms database, Bell Canada Enterprises (BCE) Inc owns approximately 45% of Bell Aliant, which in turn owns 63.3% of Bell Nordiq Income Fund. Bell Nordiq operates in northern parts of Ontario and Quebec, where it holds 63.3% interests in both Telebec and NorthernTel, including the cities of Val-d’Or, Rouyn-Noranda, Bécancour, Timmins and New Liskeard. At the end of September 2006 the sister telcos had 251,877 local lines, 42,199 broadband subscribers and 86,000 wireless users.

Canada, Bell Aliant (old)