<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>3
<FILENAME>press-release091302.txt
<DESCRIPTION>PRESS RELEASE DATED SEPTEMBER 13, 2002
<TEXT>
                              For immediate release


                BCE SELLS Directories business FOR CDN $3 BILLION
                  BCE financing plan for bell buyback on track


Montreal (Quebec),  September 13, 2002 -- BCE Inc.  announced today the sale of
its Bell Canada directories  business for CDN $3 billion cash to Kohlberg Kravis
Roberts & Co (KKR) and the Teachers'  Merchant Bank, the private equity arm of
the Ontario  Teachers'  Pension Plan. The transaction  values the business at
approximately  nine times trailing EBITDA  (earnings  before  interest  expense,
income taxes, depreciation and amortization).

The  proceeds  from  the  sale  of the  directories  business  will be used by
BCE to pay  for  part of the  acquisition  price  of SBC Communications'
minority interest in Bell Canada and by Bell Canada for its ongoing financing
needs.

"The sale of our  directories  business is another step forward in the execution
of our plans to regain 100 per cent  ownership of Bell Canada and move BCE
forward as a strong  Canadian  company in full control of its  future,"  said
Michael  Sabia,  President  and Chief Executive  Officer of BCE.
"In fact,  our recent  equity  issue and  today's  sale have both  produced
proceeds at the top end of our expectations  which speaks to the strength of
the company and our future  opportunities.  We are  confident the third and
final element in our financing plan, the raising of public debt, will be
completed in a timely and efficient manner."

The sale  includes  209 print White Pages and Yellow  Pages(TM)  directories  in
Ontario and Quebec,  and the  electronic  yellowpages.ca, toll-free and Canada
411 directories.  Annual revenues,  mainly from the sale of advertising,  are
approximately  $590 million.  As per regulatory requirements, Bell Canada will
continue to maintain its White Pages database.

BCE will maintain a long-term,  strategic working  relationship with the
management and employees of the new company.  For example,  as
part of the sales  agreement,  Bell Canada's  White Pages listings will be
published and  distributed  by the new owners.  As well, BCE will acquire a ten
per cent interest in the new company.  This ownership  will give BCE a seat on
the company's  board of directors and a view to the company's future direction.

"We seized the  opportunity to sell a  non-strategic  asset in a timely manner
and within the parameters we had set out for ourselves," said Mr. Sabia.
"Furthermore,  the quality of the purchasers and the operational agreements we
signed with them will ensure the high standards of the  directories'  product
itself and the service  provided our millions of customers for years to come.
With the current directories management staying in place, this will be a
seamless transition for customers and employees."



<PAGE>



"We are excited  about the prospects of acquiring  such a  high-quality
franchise in Canada.  KKR has had great success over the years acquiring strong
divisions out of larger companies and working with management to grow those
businesses and create value",  said Henry Kravis,  a founding  partner of KKR.
"We see  tremendous  opportunity  to repeat that success  here. We also look
forward to partnering once again with our friends at  Teachers'  Merchant  Bank,
as well as with Bell  Canada and the  outstanding  management  team at Bell
ActiMedia."

Mr. Sabia  concluded,  "The new owners  intend to keep the headquarters of the
company in Montreal,  further  ensuring the continued presence of this business
within our community."

When the transaction is completed, KKR will own 60 per cent of the new company,
Teachers'  Merchant Bank will own 30 per cent and BCE will own 10 per cent.

The sale, expected to close by the end of November,  2002, is subject to the
usual terms and conditions,  including regulatory approval of Investment Canada
and the Competition Bureau.

About BCE

BCE is Canada's largest communications  company. It has 24 million customer
connections through the wireline,  wireless,  data/Internet and satellite
services it provides,  largely under the Bell brand.  BCE leverages those
connections  with extensive  content creation capabilities  through Bell
Globemedia  which features some of the strongest  brands in the industry -- CTV,
Canada's  leading private broadcaster,  The Globe and Mail, Canada's National
Newspaper and  Sympatico-Lycos,  the leading Canadian Internet portal. As well,
BCE has extensive  e-commerce  capabilities  provided under the BCE Emergis
brand.  BCE shares are listed in Canada,  the United States and Europe.

                                    -- 30 --

Call with the Media:

BCE will hold a  teleconference  for media on  Friday,  September  13,  2002 at
noon  (Eastern).  Michael  Sabia,  President  and Chief Executive Officer, will
be present for the teleconference.  Interested participants are asked to dial
(800) 387-6216 or (416) 405-9328  between 11:50 am and 11:58 am.  If you are
disconnected  from the  call,  simply  redial  the  number.  If you need
assistance  during the  teleconference,  you can reach the  operator by pressing
"0".  This  teleconference  will also be Webcast live (audio only) on our Web
site at www.bce.ca.  The Webcast will also be archived on our Web site.

For further information:

Don Doucette                                                  George Walker
Communications                                                Investor Relations
(514) 786-3924                                                (514) 870-2488
Web site: www.bce.ca

</TEXT>
</DOCUMENT>
