Bell Canada Issues Mtn Debentures.

MONTREAL--(BUSINESS WIRE)--June 3, 1999--

(ME:BCE.) (TSE:BCE.) (NYSE:BCE) (VSE:BCE.) Bell Canada today announced the offering of $450 million of MTN Debentures pursuant to its medium term debenture program.

The 6.15 percent Debentures, Series M-2, will be dated June 8, 1999, will mature June 15, 2009 and will be issued at a price of 99.754, for a yield to the investor of 6.183 percent. A pricing supplement relating to this issue will be filed by Bell Canada with the various securities commissions in all provinces of Canada.

ScotiaMcLeod Inc., CIBC World Markets Inc., Nesbitt Burns Inc., RBC Dominion Securities Inc., TD Securities Inc., Levesque Beaubien Geoffrion Inc. and Merrill Lynch Canada Inc. will be acting as agents with respect to the offering of the Series M-2 Debentures.

Bell Canada provides a full range of communications services to customers, including wired and wireless local and long distance telephone services, Internet access, high-speed data services and directories. Bell Canada, its telecom partners and subsidiaries provide services through 13.6 million access lines, including 11 million in Ontario and Quebec. Bell Canada also serves more than 2.1 million wireless customers, in markets covering almost 20 million people. Bell Canada is 80 percent owned by BCE Inc. of Montreal and 20 percent owned by Ameritech Corporation of Chicago, Illinois. Bell Canada's Internet Web site is located at http://www.bell.ca. News releases, speeches and background information are in the Newsroom. Our e-mail address is [e-mail].