Cash baseline earnings up 13% - Data revenue up 32% - High Speed Internet
    subscribers up 62%

MONTREAL, Oct. 25 -- BCE today announced third quarter results
reflecting continued revenue growth from its operations particularly in key
segments such as data, wireless, and e-business.

    FINANCIAL HIGHLIGHTS ("Q3 2000 vs. Q3 1999, unless indicated")
    - Revenue up 8% to $4.5 billion;
    - EBITDA up 9% to $1.8 billion;
    - Cash baseline earnings up 13% to $0.51 per common share
      ("cash baseline earnings exclude special items and goodwill expense").

    OPERATIONAL HIGHLIGHTS
    - Bell Mobility cellular subscribers grew 28% to reach 2.2 million
      (2.6 million including Aliant);
    - Sympatico total subscribers increased 91% to 705,000
      (896,000 including Aliant);
    - Sympatico High Speed Edition subscribers grew 62% over last quarter to
      177,000 (204,000 including Aliant);
    - Bell ExpressVu subscribers grew 95% to 594,000;
    - BCE Emergis revenue was up 171% to $132 million.

    "The third quarter results continue to demonstrate BCE's successful
transition into a data/Internet communications company," said Jean Monty,
Chairman and Chief Executive Officer.
    "Bell Canada made significant gains in all of its operations: data
revenue was up 32% over last year; Bell Mobility added 118,000 new subscribers
in the quarter, 46% more than the same period last year and our share of the
High Speed Internet market is now approximately 25% from around 10% at the
beginning of the year."
    "During the quarter, BCE further developed its content strategy with the
announced creation of Canada's premier multi-media company which will combine
CTV, The Globe and Mail, Globe Interactive and Sympatico-Lycos, the leading
media brands in television, print and the Internet," added Mr. Monty. "We are
also on track to complete the acquisition of Teleglobe by early November."

    THIRD QUARTER RESULTS BY GROUP
    BCE's activities are organized around four business groups: Bell Canada,
BCE Emergis and CGI, BCE Media, and Bell Canada International. Bell Canada
includes Bell Mobility, Bell Nexxia, Bell ActiMedia, Aliant as well as Bell
Canada's interests in Manitoba Telecom Services (MTS), Teleglobe and other
Canadian telcos. The BCE Media group is comprised of Bell ExpressVu, Telesat,
CTV, which is held in trust pending the decision of the CRTC relative to BCE's
application for change of ownership, and other media interests.
    <<
    Results by Operating Group (unaudited)
    --------------------------------------------------------------------------

                                  ($ millions, except per share amounts)
                             -------------------------------------------------
                                           Third Quarter       Nine Months

    For the period ended September 30     2000      1999      2000      1999
    --------------------------------------------------------------------------
    --------------------------------------------------------------------------

    Revenue
    Bell Canada(1)                       3,986     3,691    11,424    10,572
    BCE Emergis and CGI                    272       224       781       605
    BCE Media                              160       121       442       298
    Bell Canada International(2)           192       209       687       592
    Corporate, Intercompany eliminations,
       and Other                          (136)     (106)     (425)     (295)
                                         ------    ------   -------   -------
    Total revenue                        4,474     4,139    12,909    11,772
    --------------------------------------------------------------------------
    --------------------------------------------------------------------------
    Cash baseline earnings(3)
    Bell Canada(4)                         342       287       902       926
    BCE Emergis and CGI                      7        13        27        35
    BCE Media                              (34)      (16)      (71)      (49)
    Corporate, Intercompany eliminations,
       and Other                            33        30       113       (12)
                                           -----    -----     -----     -----
    Cash baseline earnings                 348       314       971       900
    Dividends on preferred shares          (19)      (23)      (61)      (70)
                                          -----     -----     -----     -----

    Cash baseline earnings applicable to
       common shares                       329       291       910       830
    Cash baseline earnings per
       common share                       0.51      0.45      1.41      1.29
    --------------------------------------------------------------------------
    --------------------------------------------------------------------------

    Cash baseline earnings applicable to
       common shares                       329       291       910       830
    Baseline adjustments(5)                311      (168)    3,903     3,827
                                          -----     -----    -----     -----
    Net earnings applicable to
       common shares                       640       123     4,813     4,657
    Net earnings per common share         0.99      0.19      7.47      7.25
    --------------------------------------------------------------------------
    >>
     (1) Aliant revenues are consolidated since the first quarter of 2000.
         For improved comparability, Aliant revenues for 1999 are also
         presented on a consolidated basis. Aliant is held by BCE (14%) and
         by Bell Canada (39%).
     (2) Bell Canada International's earnings are excluded from BCE's cash
         baseline earnings.
     (3) BCE is reporting on a "cash baseline earnings" basis which excludes
         baseline adjustments.
     (4) Reflects BCE's 80% ownership since June 1, 1999.
     (5) Baseline adjustments include (on an after tax basis) BCE's share of:
         gains on reduction of ownership in subsidiary and significantly
         influenced companies; discontinued operations; net gains on disposal
         of investments; restructuring and other charges; amortization of
         purchased in-process research and development expense; results of
         BCI; and goodwill expense. Third quarter, baseline adjustments
         relate mainly to BCI's gain on the sale of its Korean operations,
         Hansol, and a Bell Canada adjustment to account for Teleglobe's
         discontinued operations in ORBCOMM.

    BELL CANADA

    - Operating revenue was up 8% to $4.0 billion due mainly to strong growth
      in data, including IP/Broadband revenue at Bell Nexxia, increased
      revenue from a higher number of lines in service, wireless services and
      SmartTouch features;
    - Revenue from local and access services increased by 8% to $1.7 billion;
    - Revenue from long distance and network services were essentially flat
      at $1.1 billion;
    - Terminal sales, directory advertising and other revenue grew by 15% to
      $808 million, mainly due to increased data revenue;
    - Bell Mobility revenue was up 16% to $336 million due primarily to
      strong growth in new activations and  an increase in the average
      revenue per subscriber to $48 from $45 in the previous quarter;
    - Cash operating expenses were up 6% to $2.2 billion due mainly to
      increased expenses associated with increased revenue;
    - Earnings before interest, taxes, depreciation and amortization (EBITDA)
      grew 9.9% to $1.8 billion;
    - Cash baseline earnings applicable to common shares were $428 million in
      the third quarter of 2000 compared with $360 million for the same
      period in 1999;
    - Bell Canada's cash baseline contribution to BCE's earnings was
      $342 million in the quarter compared with $287 million for the same
      period in 1999.


    BCE MEDIA

    - Revenue for BCE Media reached $160 million up 32%. The growth was
      mainly attributable to increased revenue at Bell ExpressVu as a result
      of a higher subscriber base;

    - BCE Media recorded a cash baseline loss of $34 million mainly
      attributable to the increased expenditures associated with subscriber
      growth at Bell ExpressVu, partially offset by Telesat's contribution.
      BCE Media's share of CTV's loss was $4 million. CTV, which is currently
      held in trust, is equity accounted, pending the decision of the CRTC
      relative to BCE's application for change of ownership.


    BCE EMERGIS AND CGI

    - BCE Emergis' cash baseline contribution to BCE was $3 million in the
      third quarter of 2000, compared with $1 million for the same period in
      1999. The change was mainly attributable to the acquisition, at the end
      of March 2000, of United Payors and United Providers (UP & UP). EBITDA
      grew significantly to reach $26 million at the end of the quarter
      compared with $2 million for the same period in 1999;
    - CGI's cash baseline contribution to BCE was $4 million in the third
      quarter compared with $12 million for the same period in 1999. The
      lower contribution is due primarily to the continued slowdown in the
      marketplace relating to new investments in IT and the awarding of large
      outsourcing contracts.


    BELL CANADA INTERNATIONAL

    - BCI's earnings are not included in BCE's cash baseline earnings. BCI's
      net earnings contribution to BCE was $556 million in the third quarter
      of 2000, compared with a loss of $104 million for the same period in
      1999. The increased contribution was mainly attributable to BCE's share
      of the gain on the sale of Korean PCS provider, Hansol;
    - BCI's revenue decreased to $192 million in the quarter from
      $209 million in the third quarter of 1999 mainly due to BCI's sale of
      Hansol;
    - Proportionate number of subscribers totalled 1.2 million at the end of
      the quarter.

     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.

    BCE's third quarter 2000 conference call with analysts is made available
via an audio webcast from our Internet site. The webcast is scheduled to begin
at 4 PM eastern time today. For more information, see details on our site at
www.bce.ca.

    A replay of BCE's third quarter 2000 conference call with analysts can be
heard, on a continuous basis between 6:00 PM eastern time Wednesday, October
25 and 6:00 PM eastern time Wednesday, November 8. To access the replay
facility, dial (416) 695-5800 and you will be instructed to enter the access
code: 572495.


    NOTE
    Certain statements made in this press release, which describe BCE's
intentions, expectations or predictions, are forward-looking and are subject
to important risks and uncertainties. The results or events predicted in these
statements may differ materially from actual results or events. Factors which
could cause results or events to differ from current expectations include,
among other things: uncertainty as to whether BCE's strategies and
acquisitions will yield the expected benefits, revenue projections, synergies
and growth prospects; the impact of rapid technological and market change;
increasing competition; general industry and market conditions and growth
rates; international growth and global economic conditions, particularly in
emerging markets, including interest rate and currency exchange rate
fluctuations; the inability to further identify, develop and achieve
commercial success for new products, services and technologies; the level of
expenditures necessary to maintain quality of service; the availability and
cost of capital; the extent of demand for traditional and emerging services;
the uncertainties of the Internet including the Internet economy growing at a
slower pace than is currently anticipated as well as changes in laws or
regulations governing Internet commerce; stock market volatility; the ability
of BCE to make acquisitions and/or integrate the operations of acquired
businesses in an effective manner; the availability of, and ability to retain,
key personnel; and the impact of consolidations in the telecommunications
industry. For additional information with respect to certain of these and
other factors, see the reports on Forms 6-K and 40-F filed by BCE with the
United States Securities and Exchange Commission. BCE disclaims any intention
or obligation to update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise.




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