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Privatization of Bell Nordiq Income Fund by Bell Aliant completed

HALIFAX, NS and MONTREAL, QC, Jan. 30 2007 -- Bell Aliant Regional
Communications Income Fund ("Bell Aliant") (TSX: BA.UN) and Bell Nordiq Group
Inc., in its capacity as administrator of Bell Nordiq Income Fund ("Bell
Nordiq") announced today that the privatization of Bell Nordiq by Bell Aliant
has been completed.
    As part of the transaction, Bell Nordiq unitholders of record on
January 26, 2007 were paid a Special Distribution of $4.00 per unit in cash on
January 29, 2007 and received 0.4113 of a Bell Aliant unit in exchange for
each Bell Nordiq unit on January 30, 2007. Bell Nordiq units ceased to trade
on the TSX as of the close of business on January 29, 2007 and were delisted
effective at the close of business on January 30, 2007.

    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
convenience.

    About Bell Nordiq Group Inc.

    Bell Nordiq Group Inc. is the general partner and manages the business
and affairs of Télébec, Limited Partnership and NorthernTel, Limited
partnership. Bell Aliant Regional Communications Income Fund indirectly owns
100% of the common shares of Bell Nordiq Group Inc.

    About Télébec, Limited Partnership

    Télébec, Limited Partnership and its subsidiaries provide innovative
integrated telecommunications solutions to customers in 300 municipalities
across Québec. Its territory, which spans 750,000 square kilometres, extends
North as far as James Bay, South to Venise-en-Québec near the U.S. border,
West to Shawville in the Outaouais, and East to the Magdalen Islands. For more
information about Télébec, Limited Partnership and its subsidiaries, visit
www.telebec.com

    About NorthernTel, Limited Partnership

    NorthernTel, Limited Partnership provides innovative integrated
telecommunications solutions to customers across Northeastern Ontario. Its
territory, which spans 83,000 square kilometres, stretches from Calstock to
Latchford and from Virginiatown to Timmins. For more information about
NorthernTel, Limited Partnership, visit www.northerntel.ca



For further information: Zeda Redden, Bell Aliant Investor Relations,
(877) 487-5726; John R. Ripplinger, Bell Nordiq Investor Relations, (514)
493-5531; Alyson Queen, Bell Aliant Media Relations, (866) 696-6700; Daniel
Hansen, Bell Nordiq Media Relations, (514) 493-5503

SOURCE Bell Nordiq

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