Mr. George Cope of BCE reports

BCE TO SELL A PORTION OF MTS WIRELESS SUBSCRIBERS AND ASSIGN CERTAIN DEALER LOCATIONS TO TELUS

BCE Inc. will divest one-third of the postpaid wireless subscribers of Manitoba Telecom Services Inc. to Telus Corp. following the completion of Bell's acquisition of MTS announced earlier today. As part of the transaction, Bell will also assign one-third of MTS dealer locations in Manitoba to Telus.

"This transaction with Telus enhances wireless competition to the benefit of Manitobans while reducing the cost of our acquisition of MTS," said George Cope, president and chief executive officer of BCE and Bell Canada.

The Bell-Telus transaction is subject to regulatory approvals and customary closing conditions. The Bell-MTS transaction is not conditional on completion of the Bell-Telus transaction.

We seek Safe Harbor.