BCE formally launches offers to purchase all outstanding Bell Aliant common shares and to exchange all outstanding Bell Aliant

BCE formally launches offers to purchase all outstanding Bell Aliant common 
shares and to exchange all outstanding Bell Aliant preferred shares 
Offers will be open for acceptance until 5:00 pm Eastern on September 19, 2014 
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 release. 
MONTRÉAL and HALIFAX, Aug. 14, 2014 /CNW/ - BCE Inc. (TSX, NYSE: BCE) today 
announced that it has formally commenced its offer to purchase all of the 
issued and outstanding common shares of Bell Aliant Inc. (TSX: BA), other than 
common shares held by BCE. 
Under the terms of the common share offer announced on July 23, 2014, each 
Bell Aliant shareholder can elect to receive consideration per common share of 
either (a) $31.00 in cash, subject to pro-ration; (b) 0.6371 of a BCE common 
share, subject to pro-ration; or (c) $7.75 in cash and 0.4778 of a BCE common 
Concurrent with the commencement of the common share offer, BCE also initiated 
its offer to exchange all of the issued and outstanding preferred shares of 
Bell Aliant Preferred Equity Inc. (Prefco) for newly issued preferred shares 
of BCE, with the same financial terms as the existing Prefco preferred shares. 
The offers will be open for acceptance until 5:00 pm Eastern on September 19, 
2014, unless extended or withdrawn by BCE. 
On August 5, 2014, BCE obtained Competition Act clearance for the Bell Aliant 
privatization. Accordingly, subject to listing requirements of the Toronto 
Stock Exchange and the New York Stock Exchange, all regulatory conditions have 
been met to complete the offers. 
In connection with the offers, BCE will file today with the applicable 
Canadian securities regulatory authorities the offers and circulars and other 
related documents required to be mailed to holders of common shares and 
preferred shares under applicable Canadian securities laws. Full details of 
the offers are contained in these documents and in the directors' circulars 
mailed today to holders of common shares and preferred shares. Copies of the 
offer documents, the directors' circulars and other relevant documents will be 
available on SEDAR at Sedar.com and on BCE's website at BCE.ca/Investors. 
BCE will also today (i) register the BCE common shares to be issued to U.S. 
holders in connection with the common share offer on a Registration Statement 
on Form F-8 to be filed with the U.S. Securities and Exchange Commission (SEC) 
and (ii) submit a Form CB to the SEC in connection with the preferred share 
exchange offer. Copies of the Registration Statement and the Form CB will be 
available on the SEC's website at SEC.gov. 
CST Trust Company is the Depositary for the offers and CST Phoenix Advisors 
are the Information Agent. Any questions or requests for assistance concerning 
the offers or further information about tendering to the offers should be 
directed to the Depositary at 1-866-271-6893 (toll free in North America) or 
1-416-682-3860, or by e-mail at inquiries@canstockta.com; or to the 
Information Agent at 1-866-822-1244 (toll free in North America) or 
1-201-806-7301, or by e-mail at inquiries@phoenixadvisorscst.com. 
Copies of the offer documents, directors' circulars and any other documents 
relating to the offers as referred to above may be obtained free of charge 
upon request to the Depositary or the Information Agent. Holders whose common 
shares or preferred shares are registered in the name of a broker, investment 
dealer, bank, trust company or other nominee should contact such nominee for 
assistance in depositing their common shares or preferred shares to the offers. 
Caution Concerning Forward-Looking Statements 
Certain statements made in this news release are forward-looking statements, 
including, but not limited to, statements relating to the anticipated 
completion and timing of the offers. All such forward-looking statements are 
made pursuant to the "safe harbour" provisions of applicable Canadian 
securities laws. 
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. As a result, we cannot guarantee that any 
forward-looking statement will materialize 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 as of August 14, 2014 
and, accordingly, are subject to change after such date. Except as may be 
required by applicable Canadian 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 
The completion and timing of the offers are subject to certain conditions, 
including, in the case of the common share offer, more than 50% of the common 
shares held by public minority shareholders being tendered to the common share 
offer and, in the case of the preferred share exchange offer, at least 
66(2/3)% of the outstanding preferred shares having been tendered. The 
preferred share exchange offer is also conditional upon the completion of the 
common share offer. However, the common share offer is not conditional upon 
the completion of the preferred share exchange offer. The offers are also 
subject to other customary closing conditions, termination rights and other 
risks and uncertainties. Reference is made to the Support Agreement entered 
into among BCE, Bell Aliant and Prefco on July 23, 2014 and which is available 
under Bell Aliant's SEDAR profile at SEDAR.com, and to the offer documents for 
the full terms and conditions of the offers. Accordingly, there can be no 
assurance that the offers will be completed or that they will be completed by 
September 19, 2014, or that they will occur on the terms and conditions 
contemplated in this news release. Subject to applicable laws and the terms of 
the Support Agreement, the offers could be extended, amended or withdrawn. 
For additional information on assumptions and risks underlying certain of the 
forward-looking statements made in this news release, please consult BCE's 
2014 second-quarter MD&A dated August 6, 2014 and BCE's news release dated 
July 23, 2014 announcing BCE's intention to privatize Bell Aliant, filed with 
the Canadian securities regulatory authorities and with the SEC, and available 
on BCE's website at BCE.ca/Investors. 
Notice to U.S. Security Holders The offers are for the securities of a 
Canadian company. The offers will be subject to Canadian disclosure 
requirements that are different from those of the United States. Financial 
statements included or incorporated by reference in the offer documents have 
been prepared in accordance with International Financial Reporting Standards, 
which differ from GAAP, and thus may not be comparable to the financial 
statements of United States companies. It may be difficult for you to enforce 
your rights and any claim you may have arising under the federal securities 
laws, since BCE is located in Canada, and some or all of its officers and 
directors may be residents of Canada. You may not be able to sue a Canadian 
company or its officers or directors in a foreign court for violations of the 
U.S. securities laws. It may be difficult to compel a Canadian company and its 
affiliates to subject themselves to a U.S. court's judgment. You should be 
aware that BCE or its affiliates may purchase securities otherwise than under 
the offers, such as in open market or privately negotiated purchases. This 
press release shall not constitute an offer to sell or a solicitation of an 
offer to buy the securities of BCE, and shall not constitute an offer, 
solicitation or sale in any state or jurisdiction in which such an offer, 
solicitation or sale would be unlawful. BCE will today file a Registration 
Statement on Form F-8 with the SEC in respect of the common share offer and 
submit a Form CB to the SEC in connection with the preferred share exchange 
offer. This press release is not a substitute for the Registration Statement 
or any other documents that BCE has or may file with the SEC or has sent or 
may send to shareholders in connection with the transactions. BEFORE MAKING 
IMPORTANT INFORMATION ABOUT THE OFFERS. You will be able to obtain a free copy 
of the Registration Statement, the Form CB and other filings containing 
information about BCE, at the SEC's website site, SEC.gov. 
About Bell Aliant Bell Aliant 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™ 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. Bell Aliant's 
employees deliver the highest quality of customer service, choice and 
convenience. For more information, please visit BellAliant.ca. 
About BCE BCE is Canada's largest communications company, providing a 
comprehensive and innovative suite of broadband communication services to 
residential and business customers under the Bell and Bell Aliant brands. Bell 
Media is Canada's premier multimedia company with leading assets in 
television, radio and digital media, including CTV, Canada's #1 television 
network, and the country's most-watched specialty channels. To learn more, 
please visit BCE.ca. 
Bell Let's Talk promotes Canadian mental health with national awareness and 
anti-stigma campaigns, like Clara's Big Ride for Bell Let's Talk and Bell 
Let's Talk Day, and significant Bell funding of community care and access, 
research, and workplace initiatives. To learn more, please visit 

Media inquiries: BCE, Paolo Pasquini, (416) 215-1712, paolo.pasquini@bell.ca; 
Bell Aliant, Jennifer MacIsaac, (902) 225-3704, 
jennifer.macIsaac@bellaliant.ca; Investor inquiries: BCE, Thane Fotopoulos, 
(514) 870-4619, thane.fotopoulos@bell.ca; Bell Aliant, Zeda Redden, Toll-free 
1-877-487-5726, zeda.redden@bellaliant.ca 
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CO: Bell Aliant Inc.
ST: Nova Scotia
-0- Aug/14/2014 20:30 GMT
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