MONTREAL, Nov. 1 -- BCE Inc. today announced it has received the
approval of the Superior Court of the Province of Québec for the plan of
arrangement through which BCE will acquire all outstanding common shares of
Teleglobe not already held by the corporation or its affiliates.
    The court decision follows the approval of the plan of arrangement by
Teleglobe's shareholders yesterday. The plan of arrangement becomes effective
as of today, November 1, 2000.
    As a result, and by virtue of the weighted average trading price of the
BCE common shares under the plan of arrangement 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 has made 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
elected 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.

    The following are dates of note for Telelglobe's shareholders:

    November 1 Effective date of the plan of arrangement.

    November 2 Teleglobe's shares are delisted from the New York Stock
               Exchange.

    November 3 Teleglobe's shares are delisted from the Toronto Stock
               Exchange (at closing of market).

    November 7 Beginning of mailing of BCE share certificates, together with
               the elected cash consideration specified by each Teleglobe
               shareholder and any cash per share paid in lieu of a
               fractional BCE common share.

    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,
Internet access and high-speed data services, direct-to-home television
services and electronic commerce solutions. BCE has an extensive international
presence through Teleglobe, a leading provider of global broadband and
Internet services. 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.



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