BCE files for regulatory approvals of acquisition by investor group led by Teachers', Providence and Madison

    MONTREAL, Quebec, Aug. 2 /CNW Telbec/ - BCE today announced that all
necessary filings have now been made for regulatory approval of the proposed
acquisition of BCE by an investor group led by Teachers' Private Capital, the
private investment arm of the Ontario Teachers' Pension Plan, Providence
Equity Partners Inc. and Madison Dearborn Partners, LLC. These include filings
with Industry Canada, the Canadian Radio-television and Telecommunications
Commission, the Canadian Competition Bureau, the U.S. Department of Justice
and Federal Communications Commission and six U.S. states. A definitive
agreement for the transaction was reached on June 30, 2007.

    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. Other BCE holdings
include Telesat Canada, a pioneer and world leader in satellite operations and
systems management, and an interest in CTVglobemedia, Canada's premier media
company. BCE shares are listed in Canada and the United States.

    Caution Concerning Forward-Looking Statements

    This news release contains forward-looking statements relating to the
proposed acquisition of BCE Inc. and other statements that are not historical
facts. Such forward-looking statements are subject to important risks,
uncertainties and assumptions. The results or events predicted in these
forward-looking statements may differ materially from actual results or
events. As a result, you are cautioned not to place undue reliance on these
forward-looking statements.
    The completion of the proposed transaction is subject to a number of
terms and conditions, including, without limitation: (i) approval of the CRTC,
Competition Bureau, Industry Canada and other applicable governmental
authorities, (ii) required BCE shareholder approval, (iii) necessary court
approvals, and (iv) certain termination rights available to the parties under
the definitive agreement. 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 transaction could be modified,
restructured or terminated, as applicable. Failure to complete the proposed
transaction could have a material adverse impact on the market price of BCE
Inc.'s shares. In addition, depending on the circumstances in which the
proposed transaction is not completed, BCE Inc. could have to pay the investor
group significant fees and costs.

    The forward-looking statements contained in this news release are made as
of the date of this release. We disclaim any intention and assume no
obligation to update or revise any forward-looking statements, 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 transaction. For additional
information with respect to certain of these and other assumptions and risks,
please refer to the related material change report and the definitive
agreement, as well as BCE Inc.'s 2007 Second Quarter MD&A dated July 31, 2007,
filed by BCE Inc. with the Canadian securities commissions (available at
www.sedar.com) and with the U.S. Securities and Exchange Commission (available
at www.sec.gov).

For further information:

For further information: Pierre Leclerc, Bell Canada, Media Relations,
(514) 391-2007, 1-877-391-2007, pierre.leclerc@bell.ca; Thane Fotopoulos, BCE,
Investor Relations, (514) 870-4619, thane.fotopoulos@bell.ca

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