Bell and Distribute Announces Strategic Agreement to Support Expansion of Internet Services for Consumers and Businesses

Montreal And the TorontoAnd the September 2, 2022 /CNW Telbec/ — The Bell Corporation and Distribute have jointly announced that Distributel intends to join the Bell group of companies to support its growth strategy in the residential and commercial Internet services sectors. With this acquisition, Distribute will continue to provide world-class and innovative products and services to Canadian consumers and businesses across the country.

Bell is committed to providing Canadians with world-leading resilient networks, providing consumers and businesses with a range of services that best meet their needs. Investing in a successful company like Distribute and its family of brands is in line with Bell’s efforts to provide customers with a choice in service options. Through the Bell investment, Distribute will benefit from the expanded resources and access to technology required to support the next stage in its business growth and continue to successfully enhance the services it already provides to customers.

“Distribute is a highly successful company with experienced industry talent and we are excited to have them join the Bell group of companies. As part of Bell, Distribute will enhance its innovative services to residential, small and medium business customers, supported by Bell resources and technology.”
Blake KirbyGroup Head, Consumer and Small and Medium Business (SMB), Bell

“With this announcement, Distribute is better positioned to compete and deliver on our decades-old commitment to bringing options and affordability to Canadians from coast to coast to coast. We hope Canadians are as excited as we are about the many benefits that will result from this partnership. Our teams remain focused on Serving our customers with excellence across all of our brands while leveraging Bell’s resources to expand and enhance our product offerings.”
– Matt Stein, CEO of Distribute

Upon closing of the acquisition, Distribute will continue to operate independently and existing operations will continue under the leadership of Matt Stein, CEO of Distribute. Details of the deal were not disclosed and the deal is subject to regulatory approvals.

ABOUT BEL

The Bell Corporation is Canada’s largest telecommunications company, providing advanced wireless, television, Internet, media and business communications services throughout the country. Founded in Montreal in 1880, The Bell Company is wholly owned by BCE Inc. To learn more, please visit Bill or BCE.ca.

During Bill for the bestWe invest to create a better day and a better tomorrow by supporting the social and economic prosperity of our communities while adhering to the highest environmental, social and governance (ESG) standards. This includes the Bell Let’s Talk Initiative, which promotes Canadian mental health through national awareness and anti-stigma campaigns such as Bell Let’s Talk Day and Bell’s large funding of community care, access, research and workplace leadership initiatives across the country. To learn more, please visit Bell.ca/LetsTalk.

About Distribute

Founded in 1988, Distributel is an award-winning, independent national communications company providing a wide range of consumer, corporate and wholesale communications services. In 2020, the company was proudly certified as a Great Place to Work®, recognized for its progressive collaborative workplace. 100% Canadian owned, with offices across the country and a nationwide network, Distribute is focused on providing choice and value to Canadians. With the acquisition of Primus Telecom, the company is in a better position to provide solutions for customers and businesses of all sizes. Distribute offers high-speed Internet, TV, mobile and home phones products through consumer brands. Provides Business Solutions through the Primus and ThinkTel brands as a provider of advanced voice and data offerings to the SME and corporate markets across Canada. The company also forges new partnerships and provides innovative services to the wholesale market. For more information visit www.distributel.ca.

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Media Inquiries
Caroline Odette
caroline.audet@bell.ca

Investors Inquiries
Richard Binjian
richard.bengian@bell.ca

distributor
Media Inquiries
Rosa Montes
rosa.montes@distributel.ca

Caution regarding forward-looking statements

Certain statements in this press release are forward-looking statements, including statements regarding the proposed acquisition of Distribute by Bell and Bell’s plans with respect to Distribute, certain expected benefits from the acquisition of both Distribute and Bell, and Bell’s business expectations, objectives, and plans. and strategic priorities, and other statements that are not historical facts. All such forward-looking statements are made pursuant to the “safe harbor” provisions of applicable Canadian securities laws and the United States Securities Litigation Reform Act of 1995. Forward-looking statements are subject to inherent risks and uncertainties and are based on various assumptions that make it possible that actual results or events may be materially different from our expectations. These statements are not guarantees of performance or future events, and we caution you not to rely on any such forward-looking statements. Forward-looking statements in this press release describe Bell’s expectations at the date of this press release, and are therefore subject to change after that date. Except as may be required by applicable securities laws, Bell undertakes no obligation to update or revise any forward-looking statements contained in this news release, whether as a result of new information, future events, or otherwise. Completion of the proposed acquisition is subject to customary closing conditions, rights of termination, and other risks and uncertainties including, but not limited to, regulatory approvals. Accordingly, there can be no guarantee that the proposed acquisition will occur, or that it will occur in accordance with the terms and conditions contemplated in this press release. The proposed acquisition can be modified, restructured or terminated. Nor can there be any assurance that the expected benefits from the proposed acquisition will be realized. For additional information about the assumptions and risks underlying some of the forward-looking statements contained in this press release, please refer to BCE Inc. (BCE) 2021 Annual MD & A dated March 3, 2022dated Q1 2022 BC MD & A May 4, 2022dated Q2 2022 BC MD & A August 3, 2022 A dated BCE press release August 4, 2022 Announcing its financial results for the second quarter of 2022, submitted by BCE to the Canadian provincial securities regulatory authorities (available at Sedar.com) and with the US Securities and Exchange Commission (available at SEC.gov). These documents are also available at BCE.ca.

source Bell Canada

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