BCE Issues Statement

    MONTREAL, Quebec, Dec. 14 /CNW Telbec/ - BCE Inc. (TSX, NYSE:   BCE) is
today issuing a statement in response to certain rumours in the market
regarding the status of its definitive agreement to be acquired 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 (the Investor Group).
    While it is BCE's policy not to comment on market rumours or speculation,
in the interest of its shareholders, the company is today confirming that
neither BCE nor its Board of Directors is involved in any discussions
regarding any renegotiation of any of the terms of the definitive agreement
entered into on June 29, 2007.
    Under the terms of the definitive agreement, the Investor Group has
agreed to acquire all of BCE's outstanding common shares for $42.75 per share
in cash and all of BCE's outstanding preferred shares at prices set out in the
definitive agreement.

    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.

    Caution Concerning Forward-Looking Statements

    This news release contains forward-looking statements relating to the
proposed acquisition of BCE 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 acquisition is subject to a number of
terms and conditions, including, without limitation: (i) approval of the CRTC,
Industry Canada and other applicable governmental authorities, (ii) necessary
court approval, and (iii) certain termination rights available to the parties
under the definitive agreement dated June 29, 2007 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 acquisition could be modified, restructured or
terminated, as applicable. Failure to complete the proposed acquisition could
have a material adverse impact on the market price of BCE's shares. In
addition, depending on the circumstances in which the acquisition is not
completed, BCE could have to pay significant fees and costs as directed by the
purchaser, in addition to its own costs incurred in connection with such
activities completed to date.
    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. However, 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 acquisition. For additional information with respect to certain
of these and other assumptions and risks, please refer to the definitive
agreement dated June 29, 2007, as well as BCE's 2007 Second Quarter MD&A dated
July 31, 2007, BCE's 2007 Third Quarter MD&A dated November 6, 2007 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 www.bce.ca.

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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