BCE plan of arrangement approved - Debenture holders' lawsuits dismissed

    MONTREAL, Quebec, March 7 /CNW Telbec/ - BCE Inc. (TSX, NYSE:   BCE) today
announced that the Québec Superior Court has approved BCE's plan of
arrangement for the company's privatization transaction and dismissed all
claims asserted by or on behalf of certain holders of Bell Canada debentures.
    "We are very pleased with the Superior Court's decisions. On every point
of contention, the Court ruled in favour of BCE," said Martine Turcotte, Chief
Legal Officer of BCE and Bell Canada. "The Court's decisions affirm our
long-standing position that the claims of these debentureholders are without
merit and that BCE acted in accordance with its rights and obligations with
respect to the debentureholders. We now look forward to closing the
privatization transaction with the investor group led by Teachers' Private
Capital, the private investment arm of the Ontario Teachers' Pension Plan,
Providence Equity Partners, Madison Dearborn Partners, and Merrill Lynch
Global Private Equity," added Martine Turcotte.
    The remaining conditions to the closing of the privatization transaction
include the required approvals of the Canadian Radio-television and
Telecommunications Commission and Industry Canada. Subject to any appeal by
the debentureholders and the timing and terms of such an appeal, BCE expects
the transaction to close in the first part of the second quarter of 2008.
    In the event the debentureholders decide to appeal the Québec Superior
Court's judgments, they have agreed the appeal must be filed with the Québec
Court of Appeal by March 17, 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 any appeal filed by the
debentureholders, if any, with regard to the approval of the plan of
arrangement and any related stay or injunction that would prevent closing
pending resolution of such appeal, 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 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 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.

    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; Bernard le Duc,
Investor Relations, (514) 870-8276, bernard.leduc@bell.ca

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