MONTREAL,May 27 2004 --BCE Inc. (TSX, NYSE: BCE) today announced
that a lawsuit was filed yesterday in the United States Bankruptcy Court for
the District of Delaware against BCE Inc. and ten former directors and
officers of Teleglobe Inc. and certain of its subsidiaries. The plaintiffs are
comprised of Teleglobe Communications Corporation, certain of its affiliated
debtors and debtors in possession, and the Official Committee of Unsecured
Creditors of these debtors.
    This lawsuit alleges breach of an alleged funding commitment of BCE Inc.
towards the debtors, misrepresentation by BCE Inc. and breach, and aiding and
abetting breaches, of fiduciary duty by the defendants. The plaintiffs seek an
unspecified amount of damages against the defendants.
    BCE Inc. strongly believes that the plaintiffs' claims are without merit
or foundation and denies any liability. Furthermore, BCE Inc. intends to take
all necessary steps to vigorously defend its position to the fullest extent
possible.

    About BCE

    Bell Canada Enterprises is Canada's largest communications company.
Through its 26 million customer connections, BCE provides 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, value-added business
solutions and direct-to-home satellite and VDSL television services. Other BCE
businesses include Canada's premier media company, Bell Globemedia, and
Telesat, a pioneer and world leader in satellite operations and systems
management. BCE shares are listed in Canada, the United States and Europe.

    CAUTION CONCERNING FORWARD-LOOKING STATEMENTS

    This news release contains certain forward-looking statements that
    reflect the current views and expectations of BCE Inc. with respect to
    future events including the merit of the lawsuit referred to in this news
    release. Forward-looking statements include, without limitation, any
    statement that may predict, forecast, indicate or imply future results,
    performance or achievements, and may contain words like "believe",
    "intend", "anticipate", "expect", or any other words or phrases of
    similar meaning. Such statements are subject to a number of risks,
    uncertainties and assumptions including the fact that the final outcome
    of any legal proceeding cannot be predicted with certainty. Actual
    results and events may vary significantly.



For further information: Nick Kaminaris, Communications, (514) 786-3908,
Web Site: www.bce.ca; George Walker, Investor Relations, (514) 870-2488