Bell Canada Debentureholders - Press Release

    TORONTO, March 7 /CNW/ - The 1976 and 1996 Debenture holders of Bell
Canada are very disappointed in the Judgments rendered by the Superior Court
today. The Debenture holders continue to believe that their legal position has
significant merit and are reviewing the Judgments to consider next steps,
including appeal.

For further information:

For further information: Avram Fishman, (514) 932-4100; Mark Meland,
(514) 932-4100; Robert Thornton, (416) 304-0560; John Finnigan, (416)

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