Legal Notice | BCE Inc.

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target="_blank" rel="noopener noreferrer" aria-label="Bell for Better, opens in new tab"> Bell for Better<i class="icon2 icon-external-link txtSize12 bce-no-top floatR" aria-hidden="true"></i></a> </li> <li> <a href="https://letstalk.bell.ca/en/" class="links d-flex justify-content-between" target="_blank" rel="noopener noreferrer" aria-label="Bell Let's Talk, opens in new tab"> Bell Let's Talk<i class="icon2 icon-external-link txtSize12 bce-no-top floatR" aria-hidden="true"></i></a> </li> </ul> </div> </div> </div> </li> <li class="connector-area ar-header" aria-current="false"> <div class="d-flex"> <div class="icon icon-user-guide txtSize32 txtWhite d-none d-md-block" aria-hidden="true"></div> <a href="javascript.void(0)" class="connector-lob-no-href pointer" role="button" data-toggle="modal" data-target="#accept-terms-read-report"> <span class="bellSlimSemibold "> Integrated annual<br class="d-sm-none d-md-block" aria-hidden="true"/> report 2023</span> </a> </div> </li> </ul> <ul class="federal-bar-mobile"> <li> <div> <a id="languageSelector-mobile" class="js-current-language footer-header-current-language" href="#" lang ="fr" hreflang="fr" data-vanityurl="/avis-juridique" data-alternative="fr" role="button"> Français </a> </div> </li> <li> <div> <a href="/Accessibility_services" >Accessibility</a> </div> </li> </ul> </nav> <div class="connector-settings">   <div class="connector-search-wrap">  <div id="connector-search" class="CoveoSearchbox" data-enable-omnibox="true" data-enable-partial-match="true" data-partial-match-keywords="4" data-partial-match-threshold="75%"> </div>  </div>  </div> </div> </div> <div id="initial-lang-reigon-backdrop"></div> </div> </header> <div id="accept-terms-read-report" class="modal fade scrollable-body accept-terms-read-report js-focus-modal-trap" role="dialog" tabindex="-1" data-backdrop="true" data-keyboard="true" aria-labelledby="accept-terms-read-report-title"> <div class="modal-dialog"> <div class="modal-content" role="document"> <div class="modal-header"> <h2 class="bellSlimBlack txtSize24 margin-b-0 txtBlack2" id="accept-terms-read-report-title"> Caution regarding forward-looking statements</h2> <button type="button" class="close" data-dismiss="modal" aria-label="close dialog" data-url="#"><span class="icon icon-close txtBlue txtSize20"></span></button> </div> <div class="modal-body scrollAdjust"> <p class="margin-b-30">The following webpages contain forward-looking statements including, without limitation, statements relating to BCE’s dividend growth objective, 2024 annualized common share dividend and dividend payout ratio level, and dividend payout policy target, BCE’s anticipated capital expenditures, network deployment plans and the benefits expected to result therefrom, our transformation initiatives and restructuring and the benefits expected to result therefrom, our ESG objectives and the benefits expected to result therefrom (which include, without limitation, our objectives concerning diversity, equity, inclusion and belonging (DEIB), customer experience, energy savings, circular economy and waste reduction, community investment, privacy and information security, network reliability, corporate governance and ethical business conduct leadership, reductions in the level of our GHG emissions including, without limitation, our carbon neutrality (scope 1 and 2 only) target and our science-based targets, and our carbon abatement objectives), the expected impacts on our company of various climate-related events, business opportunities that could result from climate change, BCE’s business outlook, objectives, plans and strategic priorities, and other statements that do not refer to historical facts. A statement we make is forward-looking when it uses what we know and expect today to make a statement about the future. Forward-looking statements are typically identified by the words <em>assumption, goal, guidance, objective, outlook, project, strategy, target, commitment</em> and other similar expressions or future or conditional verbs such as <em>aim, anticipate, believe, could, expect, intend, may, plan, seek, should, strive</em> and <em>will</em>. All such forward-looking statements are made pursuant to the safe harbour provisions of applicable Canadian securities laws and of the United States (U.S.) <em>Private Securities Litigation Reform Act of 1995</em>.</p> <p class="margin-b-30">Unless otherwise indicated by us, forward-looking statements in the following webpages describe our expectations as at March 7, 2024 and, accordingly, are subject to change after that date. Except as may be required by applicable securities laws, we do not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. 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 and that our business outlook, objectives, plans and strategic priorities may not be achieved. These statements are not guarantees of future performance or events, and we caution you against relying on any of these forward-looking statements. Forward-looking statements are presented in the following webpages for the purpose of assisting readers in understanding our objectives, strategic priorities and business outlook as well as our anticipated operating environment. Readers are cautioned, however, that such information may not be appropriate for other purposes.</p> <p class="margin-b-30">We have made certain economic, market, operational and other assumptions in preparing the forward-looking statements contained in the following webpages, which include, without limitation, the assumptions described in the subsections of the BCE 2023 Annual MD&A entitled <em>Assumptions</em>, which subsections are incorporated by reference in this cautionary statement. Subject to various factors, we believe that our assumptions were reasonable at March 7, 2024. If our assumptions turn out to be inaccurate, actual results or events could be materially different from what we expect.</p> <p class="margin-b-30">Important risk factors that could cause actual results or events to differ materially from those expressed in, or implied by, the previously-mentioned forward-looking statements and other forward-looking statements contained in the following webpages, include, but are not limited to, the risks described in section 9, <em>Business risks</em> of the BCE 2023 Annual MD&A, which section is incorporated by reference in this cautionary statement.</p> <p class="margin-b-30">Forward-looking statements contained in the following webpages for periods beyond 2024 involve longer-term assumptions and estimates than forward-looking statements for 2024 and are consequently subject to greater uncertainty. They assume, unless otherwise indicated, that the relevant assumptions and risks described in the BCE 2023 Annual MD&A will remain substantially unchanged during such periods.</p> <p class="margin-b-30">We caution readers that the risk factors described in the previously-mentioned section and in other sections of the BCE 2023 Annual MD&A are not the only ones that could affect us. Additional risks and uncertainties not currently known to us or that we currently deem to be immaterial may also have a material adverse effect on our business, financial condition, liquidity, financial results or reputation. We regularly consider potential acquisitions, dispositions, mergers, business combinations, investments, monetizations, joint ventures and other transactions, some of which may be significant. Except as otherwise indicated by us, forward-looking statements do not reflect the potential impact of any such transactions or of special items that may be announced or that may occur after March 7, 2024. The financial impact of these transactions and special items can be complex and depends on facts particular to each of them. We therefore cannot describe the expected impact in a meaningful way, or in the same way we present known risks affecting our business.</p> </div> <div class="modal-footer"> <a class="btn btn-default col1-xs " role="button" href="/2023-integrated-report"> Agree and continue</a> </div> </div> </div> </div> <style> header.standard-outline .global-navigation .menu-flyout-visible .sub-nav-group.accss-focus-blue a:focus::before { border-color: #00549a !important; } </style> <main id="maincontent"> <div class="liquid-container"> <div class="spacer45 spacer30-xs" aria-hidden="true"></div> <div class="liquid-container container"> <div class="row noMargin"> <div class="col-12 no-pad"> <h1 class="txtBlack2 txtSize32 txtSize24-xs bellSlimBlack txtBold noMargin" id="pageNavLabel">Legal notice</h1> </div> </div> </div> </div><div class="bgWhite"> <div class="spacer45 spacer30-xs" aria-hidden="true"></div> <div class="container liquid-container "> <div class="row noMargin"> <div class="col-lg-8 col-md-8 col-sm-8"> <div> <h2 class="txtBlack2 bellSlimBlack txtBold noMargin txtSize24 txtSize18-xs"> Web site terms and conditions </h2> </div> <div> <div class="spacer15" aria-hidden="true"></div> <p class="noMargin txtGray4A"> <p>By accessing this Web site or downloading its content, you agree to be bound by the terms and conditions set out in this legal notice. If you do not agree to these terms and conditions, do not access this Web site nor download its content.</p> <p>You are hereby advised that use of this Web site or any of its content in contravention of the following or otherwise contrary to law may result in civil or criminal prosecution or penalty. BCE <span aria-hidden="true">Inc.</span><span class="sr-only">Incorporated</span>, its related companies and its content suppliers reserve the right to take any action necessary to protect and enforce their rights.</p> <h2 class="txtBlack2 bellSlimBlack txtBold noMargin txtSize24 txtSize18-xs">Caution about forward-looking statements</h2> <div class="spacer15" aria-hidden="true"></div> <p>Certain statements made on this Web site are forward-looking statements and are subject to important risks, uncertainties and assumptions 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. These statements are not guarantees of future performance or events, and we caution you against relying on any of these forward-looking statements. The forward-looking statements on this Web site are made as of a specific date and, accordingly, are subject to change after such date. Except as may be required by applicable securities laws, we do not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. For additional information with respect to these risks, uncertainties and assumptions, refer to BCE <span aria-hidden="true">Inc.</span><span class="sr-only">Incorporated</span>’s latest Annual MD&A, as may be updated in BCE <span aria-hidden="true">Inc</span><span class="sr-only">Incorporated</span>’s quarterly MD&As, as well as BCE <span aria-hidden="true">Inc.</span><span class="sr-only">Incorporated</span>’s quarterly earnings press releases, all filed by BCE <span aria-hidden="true">Inc.</span><span class="sr-only">Incorporated</span> with the Canadian provincial securities regulatory authorities (available at <a href="https://www.sedarplus.ca/landingpage/ " class="txtUnderline txtBold" target="_blank" rel="noopener noreferrer">www.sedar.com<span class="sr-only"> (Opens in new tab)</span></a>) and with the U.S. Securities and Exchange Commission under Form 40-F and Form 6-K, respectively (available at <a href="http://www.sec.gov/" class="txtUnderline txtBold" target="_blank" rel="noopener noreferrer">www.sec.gov<span class="sr-only"> (Opens in new tab)</span></a>). These documents are also available on this Web site.</p> <h2 class="txtBlack2 bellSlimBlack txtBold noMargin txtSize24 txtSize18-xs">Non-GAAP and other financial measures</h2> <div class="spacer15" aria-hidden="true"></div> <p>“Adjusted net earnings”, “adjusted net interest expense”, “available liquidity”, “free cash flow”, “excess free cash flow” and “net debt” are non-GAAP financial measures; “adjusted EPS” and “dividend payout ratio” are non-GAAP ratios; “adjusted EBITDA” is a total of segments measure; and “net debt leverage ratio” and “adjusted EBITDA to adjusted net interest expense ratio” are capital management measures. These financial measures do not have any standardized meaning under International Financial Reporting Standards (“IFRS”). Therefore, they are unlikely to be comparable to similar measures presented by other issuers. We define “adjusted EPS” as adjusted net earnings per BCE Inc. (“BCE”) common share and “dividend payout ratio” is calculated by dividing dividends paid on common shares by free cash flow. Refer to section 11 entitled “<em>Non-GAAP financial measures, other financial measures and key performance indicators (KPIs)</em>” of BCE’s management’s discussion and analysis for the year ended December 31, 2021 (“MD&A”) at pages 121 to 125 of BCE’s 2021 Annual Report for more information on these financial measures including, in the case of: (a) “adjusted net earnings”, a reconciliation to “net earnings attributable to common shareholders”, being the most comparable IFRS financial measure, (b) “adjusted net interest expense”, a reconciliation to “net interest expense”, being the most comparable IFRS financial measure, (c) “available liquidity”, a reconciliation to “cash”, being the most comparable IFRS financial measure, (d) “free cash flow” and “excess free cash flow”, a reconciliation to “cash flows from operating activities”, being the most comparable IFRS financial measure, (e) “net debt”, a reconciliation to “long-term debt”, being the most comparable IFRS financial measure, and (f) “adjusted EBITDA”, a reconciliation to “net earnings”, being the most comparable IFRS financial measure. In addition,“Adjusted EBITDA margin” is defined as adjusted EBITDA divided by operating revenues. BCE’s 2021 Annual Report, which includes BCE’s MD&A, was filed with the Canadian provincial securities regulatory authorities (available at <a href="https://www.sedarplus.ca/landingpage/" class="txtUnderline txtBold" target="_blank" rel="noopener noreferrer">www.sedar.com<span class="sr-only"> (Opens in new tab)</span></a>) and with the U.S. Securities and Exchange Commission (available at <a href="http://www.sec.gov/" class="txtUnderline txtBold" target="_blank" rel="noopener noreferrer">www.sec.gov<span class="sr-only"> (Opens in new tab)</span></a>), and is also available on this Web site.   </p> <h2 class="txtBlack2 bellSlimBlack txtBold noMargin txtSize24 txtSize18-xs">Copyright</h2> <div class="spacer15" aria-hidden="true"></div> <p>All of the content contained in this Web site is protected by copyright, which is owned or licensed by BCE <span aria-hidden="true">Inc.</span><span class="sr-only">Incorporated</span>, its related companies, or third party content suppliers. Users of this Web site may only use or reproduce such content for their own personal, non-commercial or educational use, and shall not otherwise use, modify, post, upload, redistribute, retransmit, reproduce, perform or publish such content without the prior written consent of the copyright holder. Users of this Web site must abide by all copyright notices, use restrictions and terms and conditions applicable to the content they are using, and include such notices, restrictions and terms and conditions in any copies of such content.</p> <h2 class="txtBlack2 bellSlimBlack txtBold noMargin txtSize24 txtSize18-xs">Trade-marks</h2> <div class="spacer15" aria-hidden="true"></div> <p>BCE and the BCE logo are trade-marks of BCE <span aria-hidden="true">Inc.</span><span class="sr-only">Incorporated</span> Other product or service names referenced in this web site are trade-marks of BCE <span aria-hidden="true">Inc.</span><span class="sr-only">Incorporated</span> or its related companies, or trade-marks of their respective owners.</p> <h2 class="txtBlack2 bellSlimBlack txtBold noMargin txtSize24 txtSize18-xs">Hotlinks and downloadable software</h2> <div class="spacer15" aria-hidden="true"></div> <p>Hotlinks available on this Web site will allow you to link to Web sites not maintained or controlled by BCE <span aria-hidden="true">Inc.</span><span class="sr-only">Incorporated</span>, including Web sites of BCE <span aria-hidden="true">Inc.</span><span class="sr-only">Incorporated</span>’s related companies. BCE <span aria-hidden="true">Inc.</span><span class="sr-only">Incorporated</span> provides these links for your convenience only, and is not responsible for the content of any linked Web site and makes no representation or endorsement whatsoever about any other Web site which you may access through this Web site. It is your responsibility to ensure that any Web site you choose to use is free of potentially destructive items such as viruses. Hotlinks to downloadable software Web sites are also provided for your convenience only and BCE <span aria-hidden="true">Inc.</span><span class="sr-only">Incorporated</span> is not responsible or liable for any difficulties associated with downloading such software.</p> <h2 class="txtBlack2 bellSlimBlack txtBold noMargin txtSize24 txtSize18-xs">Information accuracy</h2> <div class="spacer15" aria-hidden="true"></div> <p>BCE <span aria-hidden="true">Inc.</span><span class="sr-only">Incorporated</span> uses reasonable commercial efforts to ensure that the information contained on this Web site is accurate but does not in any way guarantee the currency, accuracy, completeness, non-infringement or authenticity of such information. All information contained on this Web site, including all stock price information, is provided for informational purposes only, and is not intended for trading or other purposes. Please note that stock price information is at least 15-minutes delayed and that all times indicated are Eastern Time. BCE <span aria-hidden="true">Inc.</span><span class="sr-only">Incorporated</span> AND ITS CONTENT PROVIDERS ASSUME NO RESPONSIBILITY WITH RESPECT TO THE SEQUENCE, ACCURACY, OR COMPLETENESS OF ANY SUCH INFORMATION AND ARE NOT LIABLE OR RESPONSIBLE IN ANY WAY FOR ANY DELAYS, INACCURACIES, OR ERRORS IN ANY SUCH INFORMATION OR IN THE TRANSMISSION OF ANY SUCH INFORMATION. IN NO EVENT WILL BCE <span aria-hidden="true">Inc.</span><span class="sr-only">Incorporated</span> OR ITS CONTENT PROVIDERS BE LIABLE FOR ANY DAMAGES WHATSOEVER, INCLUDING SPECIAL, INDIRECT, INCIDENTAL OR CONSEQUENTIAL DAMAGES, ARISING OUT OF OR IN CONNECTION WITH THE USE OF THIS WEB SITE OR THE CONTENT AVAILABLE OR REFERRED TO ON THIS WEB SITE, OR ANY OTHER WEB SITE YOU MAY ACCESS THROUGH THIS WEB SITE. The information contained on this Web site is not to be relied upon for any trading, business or financial purpose.</p> <h2 class="txtBlack2 bellSlimBlack txtBold noMargin txtSize24 txtSize18-xs">Indemnity</h2> <div class="spacer15" aria-hidden="true"></div> <p>As a user of this Web site, you agree to defend, indemnify and hold BCE <span aria-hidden="true">Inc.</span><span class="sr-only">Incorporated</span> and its related companies harmless from any and all liabilities, costs and expenses, including attorneys’ fees, related to your violation of the terms and conditions of this legal notice.</p> <h2 class="txtBlack2 bellSlimBlack txtBold noMargin txtSize24 txtSize18-xs">Jurisdiction</h2> <div class="spacer15" aria-hidden="true"></div> <p>This Web site originates in Canada. It shall be governed by and construed in accordance with the laws of the province of Québec. All disputes, proceedings or claims arising out of or in connection with this Web site shall be submitted and be subject to the exclusive jurisdiction of the Courts of the province of Québec.</p> <p>Products and services described in this Web site are offered in BCE <span aria-hidden="true">Inc</span><span class="sr-only">Incorporated</span>’s and its related companies’ operating territory. Some products and services referred to in this Web site may not be available in all parts of such territory.</p> <h2 class="txtBlack2 bellSlimBlack txtBold noMargin txtSize24 txtSize18-xs">Changes</h2> <div class="spacer15" aria-hidden="true"></div> <p>The information contained on this Web site is subject to change and update at any time without prior notice.</p> <h2 class="txtBlack2 bellSlimBlack txtBold noMargin txtSize24 txtSize18-xs">Miscellaneous</h2> <div class="spacer15" aria-hidden="true"></div> <p>The terms and conditions of this legal notice constitute the entire agreement between BCE <span aria-hidden="true">Inc.</span><span class="sr-only">Incorporated</span> and the users of this Web site with respect to their use of this Web site. BCE <span aria-hidden="true">Inc</span><span class="sr-only">Incorporated</span>’s failure to insist upon or enforce strict performance of any provision of that agreement shall not be construed as a waiver of any right on its part. If any part of this legal notice is determined to be void, invalid or otherwise unenforceable by a court of competent jurisdiction, such determination shall not affect the remaining provisions hereof.</p> <div class="spacer20"></div> </p> </div> </div> </div> </div> </div> </main> <link rel="stylesheet" type="text/css" href="/styles/BRF3/app.css?v=XV_kjGuxOhGwdZdme6znLR36uuUFGT8Mv2LFekZwHZU1"> <script defer src="/scripts/BRF3/bottom.js?v=E585QVAvBGkZuTnTyBCGTfpLWSMxurh0d1V9816nPw81"></script> <div data-searchbox="endpoint: https%3A%2F%2Fapigate.bell.ca%2Fchannelbceext%2Fcoveo,panel: connector-mobile-bar,trigger: connector-search-button,connector: connector-search,interface: coveoSearchInterface"></div> <footer class="footer_grey standard-outline"> <a href="#maincontent" class="footer_skip_to_main_link d-none d-md-block"> Skip to main content </a> <div class="footer_grey_wrapper"> <div class="footer_container container liquid-container ">  <nav class="col-12 no-pad bread_crumbs_wrapper" 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aria-hidden="true"></div> <div class="footnotes-ar d-none" aria-hidden="true"> <div id="fn-1">* All fractional shares were rounded down and paid in cash en lieu.</div> <div id="fn-2">* Toutes les actions fractionnaires seront arrondies vers le bas et payées en espèce.</div> <div id="fna-1"><span class="prnews_span"><sup>i</sup> IDC report <i>IoT Adoption in Canada, 2021</i> by Nigel Wallis IDC#CA47059321 </span></div> <div id="fna-2"><span class="prnews_span"><sup>i  </sup>Rapport d'IDC <i>IoT Adoption in Canada, 2021</i> par Nigel Wallis, document d'IDC numéro CA47059321</span></div> <div id="fnt-1">1. As the Incumbent Local Exchange Carrier Bell Canada provides local exchange service to most MDUs in Ontario and Quebec.</div> <div id="fnt-2">2. Service is provided under Bell Canada's CRTC approved "Terms of Service" and no other written access agreements exist for these buildings.</div> <div id="fnt-3">3. Local Exchange Carriers requesting information on any other specific locations are requested to contact their Bell Canada Carrier Services Group representative via normal channels.</div> <div id="fntf-1">1. À titre d'entreprise de services locaux titulaire, Bell Canada offre le service local à la plupart des ILM du Québec et de l'Ontario. Le service est fourni en vertu des « modalités de service » de Bell Canada qui sont approuvées par le CRTC, et aucune autre entente d'accès n'existe pour ces immeubles.</div> <div id="fntf-2">2. Il existe un petit nombre d'ILM récemment construits auxquels Bell Canada tente encore d'accéder. 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