Bell Canada to redeem $600 million of debt



    MONTREAL, June 30 /CNW Telbec/ - Bell Canada today announced that it will
use part of the net proceeds of its recently completed offering of $1 billion
principal amount of Series M-20 Debentures to redeem on July 30, 2009, prior
to maturity, all of its outstanding $600 million principal amount of 5.5%
Debentures, Series M-16, due August 12, 2010 ("Series M-16 Debentures").
    The Series M-16 Debentures will be redeemed at a price equal to
$1,049.123 per $1,000 of principal amount of debentures plus $25.315 for
accrued and unpaid interest up to, but excluding, the date of redemption.
    Registered holders of Series M-16 Debentures will receive a notice
providing the details of this redemption, including where to present their
debentures for payment.

    About Bell

    Bell is Canada's largest communications company, providing consumers and
business with solutions to all their communications needs, including Bell
Mobility and Solo Mobile wireless, high-speed Bell Internet, Bell TV
direct-to-home satellite television, Bell Home phone local and long distance,
and IP-broadband and information and communications technology (ICT) services.
Bell is proud to be a Premier National Partner and the exclusive
Telecommunications Partner to the Vancouver 2010 Olympic and Paralympic Winter
Games. Bell is wholly owned by BCE Inc. (TSX, NYSE:   BCE). For information on
Bell's products and services, please visit www.bell.ca. For corporate
information on BCE, please visit www.bce.ca.




For further information:

For further information: Media inquiries: Jacques Bouchard, Bell Media
Relations, (514) 391-2007, 1-877-391-2007, jacques.bouchard1@bell.ca; Investor
inquiries: Thane Fotopoulos, BCE Investor Relations, (514) 870-4619,
thane.fotopoulos@bell.ca


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