BCE announces schedule for Court of Appeal proceedings

    MONTREAL, March 18 /CNW Telbec/ - BCE (TSX, NYSE:   BCE) today announced
the schedule established by the Québec Court of Appeal for the legal
proceedings related to the appeals initiated by certain holders of Bell Canada
    The schedule established by the Court of Appeal provides for three and a
half days of hearings, over a maximum period of five days, beginning on
April 28, 2008. The Court has indicated that it expects to render a decision
    "We are very pleased that the Court of Appeal has agreed to a schedule
that will allow for the expeditious resolution of these appeals," said Martine
Turcotte, Chief Legal Officer of BCE and Bell Canada. "Our position from the
start, which was supported on every point of contention by the Québec Superior
Court, is that the claims of these debentureholders are without merit. We
believe that the Superior Court's decisions will be upheld. As the Superior
Court has concluded, BCE and Bell Canada have respected all of the rights and
reasonable expectations of the debentureholders," added Ms. Turcotte.
    As a result of the Court of Appeal schedule ordered today, BCE now
expects the transaction to close before the end of the second quarter of 2008.

    Caution Concerning Forward-Looking Statements

    This news release contains forward-looking statements relating to the
proposed privatization of BCE, legal proceedings related thereto and other
statements that are not historical facts. Such forward-looking statements are
subject to important risks, uncertainties and assumptions including, in
particular, the inherent uncertainty regarding the conduct, outcome and timing
of any litigation. The results or events predicted in these forward-looking
statements may differ materially from actual results or events. As a result,
we cannot guarantee that any forward-looking statement will materialize.
    The completion of the proposed privatization transaction is subject to a
number of terms and conditions, including, without limitation: (i) approval of
the CRTC and Industry Canada, (ii) resolution of the appeals filed by the
debentureholders with regard to the plan of arrangement, and any related stay
or injunction that would prevent closing pending resolution of such appeals,
and (iii) certain termination rights available to the parties under the
definitive agreement dated June 29, 2007, as amended, governing the terms of
the transaction. These approvals may not be obtained, the other conditions to
the transaction may not be satisfied in accordance with their terms, and/or
the parties to the definitive agreement may exercise their termination rights,
in which case the proposed privatization transaction could be modified,
restructured or terminated, as applicable. Failure to complete the proposed
privatization transaction could have a material adverse impact on the market
price of BCE's shares.
    The forward-looking statements contained in this news release are made as
of the date of this release and, accordingly, are subject to change after such
date. Except as may be required by Canadian securities laws, we do not
undertake any 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. Additionally, we undertake no obligation to comment on
expectations of, or statements made by, third parties in respect of the
proposed privatization transaction. For additional information with respect to
certain of these and other assumptions and risks, please refer to BCE's 2007
annual MD&A dated March 5, 2008 included in the Bell Canada Enterprises 2007
Annual Report, as well as to the definitive agreement dated June 29, 2007, as
amended, and BCE's management proxy circular dated August 7, 2007, all filed
by BCE with the Canadian securities commissions (available at www.sedar.com)
and with the U.S. Securities and Exchange Commission (available at
www.sec.gov). These documents are also available on BCE's website at

    About BCE Inc.

    BCE is Canada's largest communications company, providing the most
comprehensive and innovative suite of communication services to residential
and business customers in Canada. Under the Bell brand, the Company's services
include local, long distance and wireless phone services, high-speed and
wireless Internet access, IP-broadband services, information and
communications technology services (or value-added services) and
direct-to-home satellite and VDSL television services. BCE also holds an
interest in CTVglobemedia, Canada's premier media company. BCE shares are
listed in Canada and the United States.

For further information:

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

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