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<SEC-DOCUMENT>0001309014-06-000186.txt : 20060315
<SEC-HEADER>0001309014-06-000186.hdr.sgml : 20060315
<ACCEPTANCE-DATETIME>20060315153933
ACCESSION NUMBER:		0001309014-06-000186
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20060315
FILED AS OF DATE:		20060315
DATE AS OF CHANGE:		20060315

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BCE INC
		CENTRAL INDEX KEY:			0000718940
		STANDARD INDUSTRIAL CLASSIFICATION:	TELEPHONE COMMUNICATIONS (NO RADIO TELEPHONE) [4813]
		IRS NUMBER:				99999999
		STATE OF INCORPORATION:			A8
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-08481
		FILM NUMBER:		06688176

	BUSINESS ADDRESS:	
		STREET 1:		1000 DE LA GAUCHETIERE OUEST
		STREET 2:		BUREAU 4100 MONTREAL
		CITY:			QUEBEC CANADA
		STATE:			A8
		ZIP:			H3B 4Y7
		BUSINESS PHONE:		5143977000

	MAIL ADDRESS:	
		STREET 1:		1000 DE LA GAUCHETIERE OUEST
		STREET 2:		BUREAU 4100 MONTREAL
		CITY:			QUEBEC CANADA
		STATE:			A8
		ZIP:			H3B 4Y7

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BELL CANADA ENTERPRISES INC
		DATE OF NAME CHANGE:	19880111
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>htm_1219.htm
<DESCRIPTION>LIVE FILING
<TEXT>
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<HTML>
<HEAD>
<TITLE>
BCE Inc.&nbsp;-&nbsp;Form&nbsp;6-K
</TITLE>
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<A NAME="DOCUMENT_TOP">&nbsp;</A>
<P align="center">
<FONT size="+1"><B>
UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION<BR>
Washington, D.C. 20549</B>
</P>

<P>
<CENTER>
<FONT SIZE="+2" FACE="Arial"><B>Form 6-K</B></FONT><BR>

</CENTER>
</P>

<P>
<CENTER>
<FONT size="+1">
REPORT OF FOREIGN PRIVATE ISSUER<BR>PURSUANT TO RULE 13a-16 OR 15d-16<BR>UNDER THE SECURITIES EXCHANGE ACT OF 1934
</FONT>
</CENTER>
</P>
<P>
<CENTER>
March 15, 2006
</CENTER>
</P>
<P>
<CENTER>

</CENTER>
</P>
<!-- End Cover Page Header -->
<!-- Cover Page Registrant -->
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  <TR>
    <TD VALIGN="BOTTOM" ALIGN="CENTER" WIDTH="100%" COLSPAN="5">
	<FONT SIZE="+2"><B>BCE Inc.</B></FONT><BR>
	<FONT SIZE="-7">&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;</FONT>
    </TD>
  </TR>
  <TR>
    <TD VALIGN="CENTER" ALIGN="CENTER" WIDTH="100%" COLSPAN="5">
	<FONT SIZE="-1">(Translation of registrant&#146;s name into English)</FONT>
    </TD>
  </TR>
  <TR>
    <TD VALIGN="BOTTOM" ALIGN="CENTER" WIDTH="100%" COLSPAN="5">
	&nbsp;
    </TD>
  </TR>
<TR><TD VALIGN="BOTTOM" ALIGN="CENTER" WIDTH="100%" COLSPAN="5"><FONT FACE="Courier" SIZE="+0">Canada</FONT><BR><FONT SIZE="-7">&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;</FONT></TD></TR><TR><TD VALIGN="CENTER" ALIGN="CENTER" WIDTH="100%" COLSPAN="5"><FONT SIZE="-1">(Jurisdiction of incorporation or organization)</FONT></TD></TR><TR><TD VALIGN="BOTTOM" ALIGN="CENTER" WIDTH="100%" COLSPAN="5">&nbsp;</TD></TR>
  <TR>
    <TD VALIGN="BOTTOM" ALIGN="CENTER" WIDTH="100%" COLSPAN="5">
      <FONT FACE="Courier" SIZE="+0">1000 de La Gauchetiere O.<br>Suite 4100<br>Montreal, Quebec<br>Canada<br>H3B 5H8</FONT>
    </TD>
  </TR>
  <TR>
    <TD VALIGN="BOTTOM" ALIGN="CENTER" WIDTH="100%" COLSPAN="5">
        <FONT SIZE="-7">&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;</FONT><BR>
	    <FONT SIZE="-1">(Address of principal executive office)</FONT>
    </TD>
  </TR>
  <TR>
    <TD VALIGN="BOTTOM" ALIGN="CENTER" WIDTH="100%" COLSPAN="5">
	&nbsp;
    </TD>
  </TR>
</TABLE>
<!-- End Cover Page Registrant -->
<!-- Checkboxes Page -->
<TABLE CELLSPACING="0" BORDER="0" CELLPADDING="0" WIDTH="100%">
  <TR>
    <TD VALIGN="BOTTOM" ALIGN="LEFT" WIDTH="100%" COLSPAN="5">
	Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:&nbsp;&nbsp;[<FONT FACE="Courier">&nbsp;</FONT>]&nbsp;Form 20-F&nbsp;&nbsp;&nbsp;&nbsp;[<FONT FACE="Courier">x</FONT>]&nbsp;Form 40-F
    </TD>
  </TR>
  <TR>
    <TD VALIGN="BOTTOM" ALIGN="LEFT" COLSPAN="5" WIDTH="100%">
        &nbsp;
    </TD>
  </TR>

  <TR>
    <TD VALIGN="BOTTOM" ALIGN="LEFT" COLSPAN="5" WIDTH="100%">
        Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):&nbsp;&nbsp;[<FONT FACE="Courier">&nbsp;</FONT>]
    </TD>
  </TR>

  <TR>
    <TD VALIGN="BOTTOM" ALIGN="LEFT" COLSPAN="5" WIDTH="100%">
        &nbsp;
    </TD>
  </TR>

  <TR>
    <TD VALIGN="BOTTOM" ALIGN="LEFT" COLSPAN="5" WIDTH="100%">
        Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):&nbsp;&nbsp;[<FONT FACE="Courier">&nbsp;</FONT>]
    </TD>
  </TR>

  <TR>
    <TD VALIGN="BOTTOM" ALIGN="LEFT" COLSPAN="5" WIDTH="100%">
        &nbsp;
    </TD>
  </TR>

  <TR>
    <TD VALIGN="BOTTOM" ALIGN="LEFT" COLSPAN="5" WIDTH="100%">
        Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934:&nbsp;&nbsp;[<FONT FACE="Courier">&nbsp;</FONT>]&nbsp;Yes&nbsp;&nbsp;&nbsp;&nbsp;[<FONT FACE="Courier">x</FONT>]&nbsp;No
    </TD>
  </TR>

  <TR>
    <TD VALIGN="BOTTOM" ALIGN="LEFT" COLSPAN="5" WIDTH="100%">
        &nbsp;
    </TD>
  </TR>
</TABLE>

<TABLE CELLSPACING="0" BORDER="0" CELLPADDING="0" WIDTH="100%">
  <TR>
    <TD VALIGN="BOTTOM" ALIGN="LEFT" WIDTH="100%">
        If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b):&nbsp;&nbsp;&nbsp;<FONT FACE="Courier"><U>&nbsp;n/a&nbsp;</U></FONT>
    </TD>
  </TR>
  <TR>
    <TD VALIGN="BOTTOM" ALIGN="LEFT" WIDTH="100%">
        &nbsp;
    </TD>
  </TR>
</TABLE>
<!-- End Checkboxes Page -->
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<HR NOSHADE>
<DIV ALIGN="LEFT" STYLE="PAGE-BREAK-BEFORE:ALWAYS">
<!-- End HR Page Break --><!-- Report Page -->
<FONT SIZE="3">
<PRE>
March 15, 2006 Material Change Report

</PRE>
</FONT>
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<DIV ALIGN="LEFT" STYLE="PAGE-BREAK-BEFORE:ALWAYS">
 <!-- Page Break  -->
<DIV ALIGN="LEFT" STYLE="PAGE-BREAK-BEFORE:ALWAYS">
<!-- End Page Break -->
<!-- Signatures Page Header -->
<FONT SIZE="+1">
<CENTER>
<B>SIGNATURES</B>
</CENTER>
</FONT>
<TABLE CELLSPACING="0" BORDER="0" CELLPADDING="0" WIDTH="100%">
  <TR>
    <TD VALIGN="BOTTOM" ALIGN="LEFT" WIDTH="100%">
       &nbsp;
    </TD>
  </TR>
  <TR>
    <TD VALIGN="BOTTOM" ALIGN="LEFT" WIDTH="100%">
       Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
    </TD>
  </TR>
  <TR>
    <TD VALIGN="BOTTOM" ALIGN="LEFT" WIDTH="100%">
       &nbsp;
    </TD>
  </TR>
</TABLE>
<!-- End Signatures Page Header -->
<!-- Signatures Page Details -->
<TABLE CELLSPACING="0" BORDER="0" CELLPADDING="0" WIDTH="100%">
  <TR>
    <TD VALIGN="BOTTOM" ALIGN="LEFT" WIDTH="40%">
       &nbsp;
    </TD>
    <TD VALIGN="BOTTOM" ALIGN="LEFT" WIDTH="4%%">
       &nbsp;
    </TD>
    <TD VALIGN="BOTTOM" ALIGN="LEFT" WIDTH="56%">
       BCE Inc.
    </TD>
  </TR>

  <TR>
    <TD VALIGN="BOTTOM" ALIGN="LEFT" WIDTH="40%">
       &nbsp;
    </TD>
    <TD VALIGN="BOTTOM" ALIGN="LEFT" WIDTH="4%%">
       &nbsp;
    </TD>
    <TD VALIGN="BOTTOM" ALIGN="LEFT" WIDTH="56%">
       &nbsp;
    </TD>
  </TR>

  <TR>
    <TD VALIGN="TOP" ALIGN="LEFT" WIDTH="40%">
       Date: March 15, 2006
    </TD>
    <TD VALIGN="TOP" ALIGN="LEFT" WIDTH="4%%">
       By:
    </TD>
    <TD VALIGN="TOP" ALIGN="LEFT" WIDTH="56%">
       Martine Turcotte<BR><HR WIDTH="30%" NOSHADE>
    </TD>
  </TR>

  <TR>
    <TD VALIGN="BOTTOM" ALIGN="LEFT" WIDTH="40%">
       &nbsp;
    </TD>
    <TD VALIGN="BOTTOM" ALIGN="LEFT" WIDTH="4%%">
       Name:&nbsp;
    </TD>
    <TD VALIGN="BOTTOM" ALIGN="LEFT" WIDTH="56%">
       Martine Turcotte
    </TD>
  </TR>

  <TR>
    <TD VALIGN="BOTTOM" ALIGN="LEFT" WIDTH="40%">
       &nbsp;
    </TD>
    <TD VALIGN="BOTTOM" ALIGN="LEFT" WIDTH="4%%">
       Title:
    </TD>
    <TD VALIGN="BOTTOM" ALIGN="LEFT" WIDTH="56%">
       Chief Legal Officer
    </TD>
  </TR>
  <TR>
    <TD VALIGN="BOTTOM" ALIGN="LEFT" WIDTH="40%">
       &nbsp;
    </TD>
    <TD VALIGN="BOTTOM" ALIGN="LEFT" WIDTH="4%%">
       &nbsp;
    </TD>
    <TD VALIGN="BOTTOM" ALIGN="LEFT" WIDTH="56%">
       &nbsp;
    </TD>
  </TR>
</TABLE>
<!-- End Signatures Page Details -->
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<DIV ALIGN="LEFT" STYLE="PAGE-BREAK-BEFORE:ALWAYS">
<!-- End HR Page Break --><!-- Exhibit Index Header Page -->
<CENTER>
<FONT SIZE="+1"><B>
EXHIBIT&nbsp;INDEX
</B></FONT>
</CENTER>
<BR>
<CENTER>
<TABLE CELLSPACING="0" BORDER="0" CELLPADDING="0" WIDTH="60%">
  <TR VALIGN="BOTTOM">
    <TD NOWRAP ALIGN="LEFT" WIDTH="8%">
      <FONT SIZE="-1"><B>Exhibit No.</B></FONT>
    </TD>
    <TD WIDTH="15%">
      &nbsp;
    </TD>
    <TD NOWRAP ALIGN="LEFT" WIDTH="77%">
      <FONT SIZE="-1"><B>Description</B></FONT>
    </TD>
  </TR>
  <TR VALIGN="BOTTOM">
    <TD NOWRAP ALIGN="CENTER" WIDTH="8%">
      <HR SIZE="1" NOSHADE>
    </TD>
    <TD WIDTH="15%">
      &nbsp;
    </TD>
    <TD NOWRAP ALIGN="CENTER" WIDTH="77%">
      <HR ALIGN="LEFT" SIZE="1" WIDTH="88%" NOSHADE>
    </TD>
  </TR>
<!-- Exhibit Index Header Page -->
<!-- Exhibit Index Item -->
  <TR VALIGN="BOTTOM">
    <TD VALIGN="TOP" WIDTH="8%" nowrap>
      <FONT SIZE="-1">1<FONT>
    </TD>
    <TD WIDTH="15%">
       &nbsp;
    </TD>
    <TD ALIGN="LEFT" VALIGN="TOP" WIDTH="77%">
      <FONT SIZE="2">March 15, 2006 Material Change Report</FONT>
    </TD>
  </TR>
<!-- End Exhibit Index Item -->
<!-- ExhibitIndexFooter -->
  <TR VALIGN="BOTTOM">
    <TD VALIGN="TOP" WIDTH="8%" nowrap>
      &nbsp;
    </TD>
    <TD WIDTH="15%">
       &nbsp;
    </TD>
    <TD ALIGN="LEFT" VALIGN="TOP" WIDTH="77%">
      &nbsp;
    </TD>
  </TR>
</TABLE>
<!-- End ExhibitIndexFooter -->
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<DIV ALIGN="LEFT" STYLE="PAGE-BREAK-BEFORE:ALWAYS">
<!-- End HR Page Break --><!-- HTML Footer Page -->
</BODY>
</HTML>
<!-- End HTML Footer Page -->
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-1
<SEQUENCE>2
<FILENAME>exhibit1.htm
<DESCRIPTION>EX-1
<TEXT>
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<HEAD>
<TITLE>
Exhibit&nbsp;&nbsp;EX-1
</TITLE>
</HEAD>
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<BODY style="font-family: 'Times New Roman',Times,serif">


<P align="center" style="font-size: 10pt"><FONT style="font-size: 12pt"><B>Form&nbsp;51-102F3<BR>
Material Change Report</B></FONT>


<DIV align="center">
<TABLE style="font-size: 12pt" cellspacing="0" border="0" cellpadding="0" width="95%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="17%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="78%">&nbsp;</TD>
</TR>
<TR style="font-size: 12pt" valign="bottom">
    <TD nowrap align="left" colspan="3" style="border-bottom: 1px solid #000000"><B>PART 1CONTENT OF MATERIAL CHANGE REPORT</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Item&nbsp;1</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><B>Name and Address of Company</B></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">BCE Inc. (&#147;BCE&#148;)<BR>
1000, rue de La Gaucheti&#232;re Ouest, Bureau 3700<BR>
Montr&#233;al, Qu&#233;bec<BR>
H3B 4Y7</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Item&nbsp;2</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><B>Date of Material Change</B></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">March&nbsp;6, 2006</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Item&nbsp;3</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><B>News Release</B></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="left" style="font-size: 12pt; text-indent: 4%">A press release announcing the material change referred to in this report was issued on March
7, 2006 and disseminated on newswires in Canada and the United States.


<P align="left" style="font-size: 12pt"><B>Item&nbsp;4 Summary of Material Change</B>


<P align="left" style="font-size: 12pt; text-indent: 4%">BCE announced its intention to combine certain of Bell Canada&#146;s wireline operations in its
regional territories in Ontario and Quebec (which BCE had previously intended to convert into a new
income trust, as announced on February&nbsp;1, 2006) with the wireline operations of Aliant Inc.
(&#147;Aliant&#148;) to form a new income trust (the &#147;Trust&#148;). The Trust would also acquire Bell Canada&#146;s
63.4% indirect interest in T&#233;l&#233;bec, Limited Partnership and NorthernTel, Limited Partnership (the
&#147;Partnerships&#148;) . The Trust is expected to have 3.4&nbsp;million local access lines and over 400,000
high-speed Internet subscribers in six provinces, and will be headquartered in Atlantic Canada.
BCE also announced its intention to acquire Aliant Mobility and Aliant&#146;s DownEast Communications
(&#147;DownEast&#148;) retail outlets as part of this transaction.


<P align="left" style="font-size: 12pt; text-indent: 4%">BCE expects to hold a 73.5% direct and indirect interest in the Trust following the completion
of the foregoing transactions. BCE has indicated that it expects to reduce this 73.5% interest to
approximately 45% through a distribution of units in the new Trust to BCE common shareholders. BCE
intends to effect this distribution in conjunction with a reduction of approximately 75&nbsp;million BCE
common shares, or approximately 8% of BCE common shares outstanding. Through governance rights,
BCE intends to continue to control the Trust following this distribution, and hence will continue
to consolidate the financial results of the Trust.


<P align="left" style="font-size: 12pt"><B>Item&nbsp;5 Full Description of Material Change</B>


<P align="left" style="font-size: 12pt; text-indent: 4%">Under the terms of the proposed transaction, Aliant will contribute all of its operations to a
newly formed partnership that will be a subsidiary of the Trust, and BCE will similarly contribute
certain of its Ontario and Quebec regional wireline operations and its 63.4% indirect interest in
the Partnerships. In exchange for this contribution, BCE will receive Aliant&#146;s wireless business
and its DownEast retail outlets and additional equity in the new Trust. In addition, as part of
this exchange approximately $1.25&nbsp;billion of consolidated BCE debt will effectively be transferred
to the new Trust.


<P align="left" style="font-size: 12pt; text-indent: 4%">BCE expects to own a 73.5% direct and indirect interest in the new Trust upon completion of
the transaction. BCE currently owns approximately 53.2% of Aliant.


<P align="left" style="font-size: 12pt; text-indent: 4%">The Trust is expected to have 3.4&nbsp;million local access lines and over 400,000 high-speed
Internet subscribers in six provinces, and will be headquartered in Atlantic Canada. The Trust
will also establish regional offices in Ontario and Qu&#233;bec, and will operate in both official
languages. Customers of Bell Canada and Aliant are expected to continue to have access to the same
products and services, including bundles, that were sold under the Bell Canada and Aliant brands.
Products and services are to be sold under the Bell and Sympatico brands within the Trust&#146;s
operating territory in Ontario and Qu&#233;bec and the Aliant and DownEast brands in Atlantic Canada.
Following closing, the Bell Nordiq Income Fund will continue to trade and operate independently,
with no change for its customers or to operations within its territory.


<P align="left" style="font-size: 12pt; text-indent: 4%">In connection with the completion of this transaction, Bell Canada and the Trust will enter
into a number of outsourcing and commercial agreements pursuant to which Bell Canada will support
over the long term the operations of the Trust in Ontario and Qu&#233;bec. Similar agreements will be
entered into between the Trust and Bell Canada to support Bell Canada&#146;s wireless operations in
Atlantic Canada.


<P align="left" style="font-size: 12pt; text-indent: 4%">Following the completion of the transaction, BCE intends to reduce its 73.5% indirect interest
in the Trust to approximately 45% through a distribution of units in the Trust to BCE common
shareholders. BCE intends to effect this distribution in conjunction with a reduction of
approximately 75&nbsp;million BCE common shares, or approximately 8% of BCE common shares outstanding.


<P align="left" style="font-size: 12pt; text-indent: 4%">It is intended that the governance structure of the Trust will be in line with comparable
income trust precedents and will provide, among other things, for BCE to retain the ability to
nominate a majority of the Board of Trustees of the Trust and of the Board of Directors of the
operating entities of the Trust as long as it owns directly or indirectly 30% or more of the Trust.
Also, it is expected that BCE will have the ability to veto certain actions of the Trust and its
operating entities as long as it owns directly or indirectly 20% or more of the Trust.


<P align="left" style="font-size: 12pt; text-indent: 4%">The new Trust transaction is expected to be completed once all closing conditions are met,
including, without limitation, receipt of: favourable advance income tax rulings from the Canada
Revenue Agency (&#147;CRA&#148;), approval by the Canadian Radio-television and Telecommunications Commission
(&#147;CRTC&#148;), an advance ruling certificate from the Competition Bureau, any necessary approvals from
securities regulators and other applicable regulatory and stock exchange approvals, required third
party consents on satisfactory terms, approval by Aliant&#146;s shareholders, and necessary court
approvals, as well as the arranging of satisfactory bank financing. The subsequent distribution of
Trust units by BCE to its common shareholders will also be subject to various conditions, including
approval by BCE&#146;s shareholders and necessary court approvals.


<P align="left" style="font-size: 12pt"><B>Caution Regarding Forward Looking Statements</B>


<P align="left" style="font-size: 12pt; text-indent: 4%">Certain statements made in this material change report, including, but not limited to, the
intention to create the Trust and its expected governance structure and scope of business
operations, the proposed distribution of Trust units to BCE common shareholders and BCE&#146;s
anticipated remaining interest in the Trust, the intention of BCE to reduce consolidated
indebtedness, the structure of the transaction, the expected nature of the transition to the Trust
for customers, and other statements that are not historical facts, constitute forward-looking
information and are subject to important risks, uncertainties and assumptions. In particular, in
making these forward-looking statements BCE has assumed, among other things, that the proposed
Trust transaction and subsequent distribution of BCE&#146;s interest in the Trust will receive the
required regulatory and securityholder approvals, as applicable, and that the other conditions to
the transaction can be satisfied in accordance with their terms. The results or events predicted in
these forward-looking statements may differ materially from actual results or events. As a result,
readers are cautioned not to place undue reliance on these forward-looking statements.


<P align="left" style="font-size: 12pt; text-indent: 4%">The completion of the proposed Trust transaction is subject to a number of conditions
including, without limitation, receipt of: (i)&nbsp;advance tax rulings from the CRA, (ii)&nbsp;CRTC
approvals, (iii)&nbsp;an advance ruling certificate from the Competition Bureau, (iv)&nbsp;any necessary
approvals from securities regulators and other applicable regulatory and stock exchange approvals,
(v)&nbsp;required third party consents on satisfactory terms, (vi)&nbsp;required securityholder approvals,
(viii)&nbsp;necessary court approvals, and (ix)&nbsp;the arranging of satisfactory bank financing. The
subsequent distribution of Trust units by BCE is subject to various conditions, including approval
by BCE&#146;s shareholders and necessary court approvals. These approvals may not be obtained, and the
other conditions to the transaction may not be satisfied in accordance with their terms, in which
case the proposed Trust transaction and the subsequent distribution of Trust units by BCE could be
modified, restructured or terminated.


<P align="left" style="font-size: 12pt; text-indent: 4%">Other factors that could cause results or events related to the proposed transaction to differ
materially from current expectations include, among other things: (i)&nbsp;the fact that the proposed
transaction involves the integration of various operations previously operated independently and
that there can be no assurance that the combined operation resulting from the proposed transaction
will realize the anticipated synergies, or that other benefits expected from the transaction will
be realized, (ii)&nbsp;BCE&#146;s or Bell Canada&#146;s ability to complete the proposed transaction without
adverse effects on the customers of Bell Canada, Aliant or the Trust and (iii)&nbsp;the ability of the
Trust to make and maintain cash distributions. In turn, the Trust&#146;s results and ability to make and
maintain cash distributions will be subject to various risks including, without limitation,
intensity of competitive activity, general economic and market conditions, changes in technology,
industry standards and client needs, the Trust&#146;s ability to quickly and efficiently introduce new
products, services and technologies and upgrade existing ones in response to these changes, the
level of consumer confidence and spending and the demand for, and prices of, the Trust&#146;s services,
the impact of pending or future litigation or regulatory proceedings or changes in law, including
tax and regulatory laws, and the other risk factors applicable to BCE companies summarized in the
annual information form referred to in the next paragraph. If the Trust does not meet its targets
for cash distributions, the value of its units could decline substantially.


<P align="left" style="font-size: 12pt; text-indent: 4%">For additional information with respect to certain of these and other assumptions and risk
factors, please refer to BCE&#146;s annual information form for the year ended December&nbsp;31, 2005 dated
March&nbsp;1, 2006 filed with the U.S. Securities and Exchange Commission, under Form 40-F, and filed
with the Canadian provincial securities regulatory authorities. The forward-looking statements
contained in this material change report represent the expectations of BCE as of the date hereof
and, accordingly, are subject to change after such date. However, BCE disclaims any intention and
assumes no obligation to update or revise any forward-looking statements, whether as a result of
new information, future events or otherwise.

<DIV align="center">
<TABLE style="font-size: 12pt" cellspacing="0" border="0" cellpadding="0" width="95%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="31%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="64%">&nbsp;</TD>
</TR>
<TR style="font-size: 12pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000"><B>Item 6</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Reliance on subsection 7.1(2) or (3) of National Instrument 51-102</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Not applicable.</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Item&nbsp;7</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><B>Omitted Information</B></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Not applicable.</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Item&nbsp;8</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><B>Executive Officer</B></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="left" style="font-size: 12pt; text-indent: 4%">For further information contact Martine Turcotte, Chief Legal Officer, (514)&nbsp;870-4637.

<DIV align="center">
<TABLE style="font-size: 12pt" cellspacing="0" border="0" cellpadding="0" width="95%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="26%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="69%">&nbsp;</TD>
</TR>
<TR style="font-size: 12pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000"><B>Item 9</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Date of Report</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">March&nbsp;15, 2006.</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><B>BCE INC.</B></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">(signed) Martine Turcotte</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><B>Martine Turcotte<BR>
Chief Legal Officer</B></TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
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</TABLE>
</DIV>



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