Aliant Telecom Inc. Redeeming all Series AD, March 1, 2013 10.45% Bonds
1 February 2006
Aliant announced today that Aliant Telecom Inc., as successor company to The Maritime Telegraph and Telephone Company Limited, will redeem, prior to maturity, on March 1, 2006, all of its outstanding 10.45% First Mortgage Bonds, Series AD, due March 1, 2013, at a price equal to 101.00% of their $50 million principal amount. Bond holders will also receive the regularly scheduled semi-annual interest payment on March 1, 2006, payable in the usual manner. Aliant Telecom plans to finance the bond redemptions through general cash balances. A formal notice of redemption will be mailed today to all registered holders of Series AD Bonds.
About Aliant
Through approximately 2.5 million customer connections, Aliant serves consumers across Atlantic Canada with innovative and traditional communications services, including local and long distance telephony, wireless, Internet, e-commerce, interactive multimedia, data and managed network services. In addition to serving residential, small-to-medium sized business and enterprise customers in its home market, Aliant also serves business customers located in other parts of North America. Aliant complements its industry-leading telecommunications business with strengths in information technology solutions and knowledge-services applications. Aliant's approximately 8,400 employees build on its 100-plus year history by collaborating to deliver the highest quality of customer service, choice and convenience. Aliant has a market capitalization of approximately $3.7 billion.
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For further information: contact: Media Relations: Kelly Gallant, (902) 487-4642, kelly.gallant@aliant.ca; Investor Relations: Ian Chadsey, (506) 694-2220, ian.chadsey@aliant.ca; Archived images on this organization are searchable through CNW Photo Archive website at http://photos.newswire.ca. Images are free to accredited members of the media.
Source: newswire
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