MONTREAL, Oct. 26 -- BCE Inc. and Teleglobe Inc. announced today the
weighted average trading price of the BCE common shares ("BCE WATP") under the
plan of arrangement relative to BCE's acquisition of all outstanding common
shares of Teleglobe not already held by the corporation or its affiliates.

    The "BCE WATP" has been determined as CDN$35.71.

    The "BCE WATP" is used to determine the consideration payable to
Teleglobe shareholders under the plan of arrangement, as described in the
Management Information Circular of Teleglobe mailed to its shareholders on
September 27, 2000. The "BCE WATP" corresponds to the weighted average trading
price of the BCE common shares on the Toronto Stock Exchange (TSE) for the ten
trading days commencing on October 12, 2000 and ending October 25, 2000.
    Teleglobe's common shareholders have been invited to vote on the proposed
plan of arrangement at a Special Meeting on Tuesday, October 31, 2000 at
10:00 a.m. (eastern time) at the Queen Elizabeth Hotel, 900 René-Lévesque
Blvd. West, Montréal, Québec, Galerie 1. The Plan is also subject to Court
approval. The transaction, if approved, is planned to close early in November.
    If the plan of arrangement is approved and by virtue of the "BCE WATP"
being CDN$35.71, each Teleglobe common share will be exchanged for CDN$0.10 in
cash plus 0.907 of a BCE common share, unless a holder makes the "Cash
Election" described in the Management Information Circular of Teleglobe to
receive cash in lieu of BCE common shares for up to 20% of the total
consideration. If a holder elects to receive the maximum cash consideration
payable under the plan of arrangement, the holder will receive for each
Teleglobe common share approximately CDN$6.50 in cash plus 0.728 of a BCE
common share.
    Teleglobe shareholders wishing to make the "Cash Election" and the other
elections described in the Circular must send the necessary documentation to
Montreal Trust Company or The Bank of Nova Scotia Trust Company of New York so
that they are received at their offices specified in the Circular by the close
of business on Tuesday, October 31, 2000. Shareholders who hold their
Teleglobe common shares through an investment dealer, broker, bank, trust
company or other nominee who wish to make any such election should contact
their nominee.
    BCE is Canada's largest communications company. Through its operations in
communications services, BCE provides residence and business customers in
Canada with wireline and wireless communications products and applications,
satellite communications and direct-to-home television services, systems
integration expertise, electronic commerce solutions, Internet access and high-
speed data services, and directories. BCE has an extensive international
presence through Teleglobe, an international telecommunications carrier.
Through Bell Canada International, BCE also provides communications services
to millions of customers mostly from Latin America. BCE shares are listed in
Canada, the United States and Europe.
    Teleglobe Inc. (NYSE, TSE: TGO), an established provider of global
Internet services, enables its customers to maximize the potential of the
Internet through its delivery of rich media content, one-hop global
connectivity and hosting services. With the world's largest international
Internet backbone, premier Tier One Internet peering arrangements, and a broad
base of carrier, ISP and ICP customers, Teleglobe is expanding its reach with
GlobeSystem, a multi-million dollar initiative that will increase the capacity
of its network 200-fold, provide a robust network platform for a portfolio of
Internet and data services designed to help customers achieve the full
potential of the Internet. For more information, visit www.teleglobe.com.



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For further information: Jean-Charles Robillard, Communications,
(514) 786-3908, Web site: www.bce.ca; George Walker, Investor
Relations,
(514) 870-2488