BCE strategic review process: Another consortium enters privatization talks

The Strategic Oversight Committee
of the Board of Directors of BCE Inc. (TSX/NYSE: BCE) today announced that
another group is entering into discussions to explore the possibility of
taking the Company private and that members of the group have signed
non-disclosure and standstill agreements with BCE on a non-exclusive basis.
The consortium includes Teachers’ Private Capital, the private investment arm
of the Ontario Teachers’ Pension Plan and Providence Equity Partners Inc.
The Company had previously announced its intention to review all
strategic alternatives with a view to further enhance shareholder value. The
review is currently expected to be completed in the third quarter of 2007.
No assurances can be provided that any offer, if made, by any bidding
group, now formed or to be formed in the future, will be accepted by the Board
of Directors or that this review of alternatives will result in any specific
action being taken by the Company.