Information for MTS noteholders
On March 27, 2017, as part of BCE’s internal reorganization of MTS, MTS amalgamated with a wholly-owned subsidiary of BCE. The name of the amalgamated entity is Bell MTS Inc. (“Bell MTS”). Later that same day, Bell MTS transferred substantially all of its assets to Bell Canada, a wholly-owned subsidiary of BCE, in exchange for common shares of Bell Canada. In connection with such transfer, Bell Canada assumed all obligations (including payment obligations) under Bell MTS’ outstanding Series 8, 9 and 10 medium term notes (the “Notes”) and related trust indentures in accordance with their terms. BCE guaranteed Bell Canada’s obligations under the Notes and trust indentures and Bell MTS remained a co-debtor with Bell Canada under the Notes and trust indentures. On March 30, 2017, the securities regulatory authority or regulator in each of the jurisdictions in Canada in which Bell MTS was a reporting issuer issued an order that Bell MTS has ceased to be a reporting issuer in such jurisdictions.
On March 27, 2017, as part of BCE’s internal reorganization of MTS, MTS amalgamated with a wholly-owned subsidiary of BCE. The name of the amalgamated entity is Bell MTS Inc. (“Bell MTS”). Later that same day, Bell MTS transferred substantially all of its assets to Bell Canada, a wholly-owned subsidiary of BCE, in exchange for common shares of Bell Canada. In connection with such transfer, Bell Canada assumed all obligations (including payment obligations) under Bell MTS’ outstanding Series 8, 9 and 10 medium term notes (the “Notes”) and related trust indentures in accordance with their terms. BCE guaranteed Bell Canada’s obligations under the Notes and trust indentures and Bell MTS remained a co-debtor with Bell Canada under the Notes and trust indentures. On March 30, 2017, the securities regulatory authority or regulator in each of the jurisdictions in Canada in which Bell MTS was a reporting issuer issued an order that Bell MTS has ceased to be a reporting issuer in such jurisdictions.