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<SEC-DOCUMENT>0001206212-08-000241.txt : 20081201
<SEC-HEADER>0001206212-08-000241.hdr.sgml : 20081201
<ACCEPTANCE-DATETIME>20081128174627
ACCESSION NUMBER:		0001206212-08-000241
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		5
CONFORMED PERIOD OF REPORT:	20081128
FILED AS OF DATE:		20081201
DATE AS OF CHANGE:		20081128

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:		081220688

	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>m42587ore6vk.htm
<DESCRIPTION>FORM 6-K
<TEXT>
<HTML>
<HEAD>
<TITLE>e6vk</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 1pt solid black; font-size: 1pt">&nbsp;</DIV>






<DIV align="center" style="font-size: 14pt; margin-top: 12pt"><B>SECURITIES AND EXCHANGE COMMISSION</B>
</DIV>

<DIV align="center" style="font-size: 12pt"><B>WASHINGTON, D.C. 20549</B>
</DIV>

<DIV align="center" style="font-size: 18pt; margin-top: 12pt"><B>FORM 6-K</B>
</DIV>


<DIV align="center" style="font-size: 12pt; margin-top: 12pt"><B>REPORT OF FOREIGN PRIVATE ISSUER</B>
</DIV>


<DIV align="center" style="font-size: 12pt; margin-top: 12pt"><B>Pursuant to Rule&nbsp;13a-16 or 15d-16 of<BR>
the Securities Exchange Act of 1934</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="45%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="55%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">For the month of: <B>November&nbsp;2008</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">Commission File Number: <B>1-8481</B></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="center" style="font-size: 24pt; margin-top: 12pt"><B>BCE Inc.</B>
</DIV>

<DIV align="center" style="font-size: 10pt"><I>(Translation of registrant&#146;s name into English)</I></DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt">
<B>1000, rue de La Gaucheti&#232;re Ouest, Bureau 3700, Montr&#233;al, Qu&#233;bec H3B 4Y7, (514)&nbsp;870-8777</B><BR>

<I>(Address of principal executive offices)</I></DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Indicate by check mark whether the registrant files or will file annual reports under cover of
Form 20-F or Form 40-F.</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="45%">&nbsp;</TD>
    <TD width="10%">&nbsp;</TD>
    <TD width="45%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="right" valign="top"><DIV style="margin-left:0px; text-indent:-0px">Form&nbsp;20-F&nbsp;&nbsp;&nbsp;<FONT face="Wingdings">&#111;</FONT>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Form&nbsp;40-F&nbsp;&nbsp;&nbsp;<FONT face="Wingdings">&#254;</FONT></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by
Regulation&nbsp;S-T Rule&nbsp;101(b)(1):&nbsp;&nbsp;&nbsp;<FONT face="Wingdings">&#111;</FONT></DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by
Regulation&nbsp;S-T Rule&nbsp;101(b)(7):&nbsp;&nbsp;&nbsp;<FONT face="Wingdings">&#111;</FONT></DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Indicate by check mark whether by furnishing the information contained in this Form, the registrant
is also thereby furnishing the information to the Commission pursuant to Rule&nbsp;12g3-2(b) under the
Securities Exchange Act of 1934.</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="45%">&nbsp;</TD>
    <TD width="10%">&nbsp;</TD>
    <TD width="45%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="right" valign="top"><DIV style="margin-left:0px; text-indent:-0px">Yes&nbsp;&nbsp;&nbsp;<FONT face="Wingdings">&#111;</FONT>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">No&nbsp;&nbsp;&nbsp;<FONT face="Wingdings">&#254;</FONT></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">If &#147;Yes&#148; is marked, indicate below the file number assigned to the registrant in connection with
Rule&nbsp;12g3-2(b): 82- <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Notwithstanding any reference to BCE Inc.&#146;s Web site on the World Wide Web in the documents
attached hereto, the information contained in BCE Inc.&#146;s site or any other site on the World Wide
Web referred to in BCE Inc.&#146;s site is not a part of this Form 6-K and, therefore, is not furnished
to the Securities and Exchange Commission.</DIV>


<DIV style="width: 100%; border-bottom: 1pt solid black; margin-top: 10pt; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>







<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">




<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>SIGNATURE</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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.
</DIV>

<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left"><B>BCE Inc.</B><BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">Date:  November 28, 2008&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left"><I>(signed) Patricia A. Olah</I>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">Patricia A. Olah&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">Corporate Secretary and<BR>
Lead Governance Counsel&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>EXHIBIT INDEX</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">1.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Material Change Report &#151; November&nbsp;28, 2008</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">2.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Press Release &#151; November&nbsp;26, 2008</TD>
</TR>

</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>




</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-1
<SEQUENCE>2
<FILENAME>m42587orexv1.htm
<DESCRIPTION>MATERIAL CHANGE REPORT
<TEXT>
<HTML>
<HEAD>
<TITLE>exv1</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><B>Exhibit&nbsp;1</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>MATERIAL CHANGE REPORT</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" nowrap align="left"><B>Item&nbsp;1</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Name and Address of the Issuer</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>BCE Inc. (&#147;<B>BCE</B>&#148;)<BR>
1000 de La Gaucheti&#232;re West, suite 3700<BR>
Montr&#233;al, Qu&#233;bec<BR>
H3B 4Y7</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" nowrap align="left"><B>Item&nbsp;2</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Date of Material Change</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>November&nbsp;25, 2008.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" nowrap align="left"><B>Item&nbsp;3</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>News Release</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>A press release was disseminated by CNW Telbec on November&nbsp;26, 2008. The
English version of the press release is annexed hereto and forms an integral
part hereof.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" nowrap align="left"><B>Item&nbsp;4</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Summary of Material Change</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>On November&nbsp;26, 2008, BCE announced the company has received a preliminary
view from KPMG that, based on current market conditions, its analysis to date
and the amount of indebtedness involved in the LBO financing, it does not
expect to be in a position to deliver on the scheduled effective date of BCE&#146;s
privatization, December&nbsp;11, 2008, an opinion that BCE would meet the solvency
tests as defined in the definitive agreement, as amended.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" nowrap align="left"><B>Item&nbsp;5</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Full Description of Material Change</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>5.1</B>&nbsp;&nbsp;&nbsp;<B>Full Description of Material Change</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>On November&nbsp;26, 2008, BCE announced the company has received a preliminary
view from KPMG that, based on current market conditions, its analysis to date
and the amount of indebtedness involved in the LBO financing, it does not
expect to be in a position to deliver on the scheduled effective date of BCE&#146;s
privatization, December&nbsp;11, 2008, an opinion that BCE would meet the solvency
tests as defined in the definitive agreement, as amended. The receipt at the
effective time of a positive solvency opinion is a condition to the closing of
the transaction.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>At the same time, KPMG indicated that BCE would meet all solvency tests under
its current capital structure.</TD>
</TR>

</TABLE>
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The company continues to work with KPMG and the Purchaser to seek to
satisfy all closing conditions. Should KPMG be unable to deliver a favourable
opinion on December&nbsp;11, 2008, however, the transaction is unlikely to proceed.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Caution Concerning Forward-Looking Statements</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>This material change report contains forward-looking statements relating to the
proposed privatization of BCE and other statements that are not historical
facts. Such forward-looking statements are subject to important risks,
uncertainties and assumptions. The results or events predicted in these
forward-looking statements may differ materially from actual results or
events. As a result, we cannot guarantee that any forward-looking statement
will materialize.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The timing and completion of the proposed privatization transaction is
subject to each of the parties fulfilling their commitments under the
transaction documents and to a number of terms and conditions, including,
without limitation, the provisions of, and certain termination rights
available to the parties under, the definitive agreement dated June&nbsp;29, 2007,
as amended by the final amending agreement dated July&nbsp;4, 2008, governing the
terms of the transaction. The conditions to the transaction may not be
satisfied in accordance with their terms, and/or the parties to the definitive
agreement may exercise their termination rights, in which case the proposed
privatization transaction could be modified, restructured or terminated, as
applicable. Failure to complete the proposed privatization transaction could
have a material adverse impact on the market price of BCE&#146;s shares.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The forward-looking statements contained in this material change report are
made as of the date of this report and, accordingly, are subject to change
after such date. Except as may be required by Canadian securities laws, we do
not undertake any obligation to update or revise any forward-looking
statements contained in this material change report, whether as a result of
new information, future events or otherwise. Additionally, we undertake no
obligation to comment on expectations of, or statements made by, third parties
in respect of the proposed privatization transaction. For additional
information with respect to certain of these and other assumptions and risks,
please refer to BCE&#146;s 2007 annual management&#146;s discussion and analysis
(&#147;<B>MD&#038;A</B>&#148;) dated March&nbsp;5, 2008 included in the Bell Canada Enterprises 2007
Annual Report, BCE&#146;s 2008 First Quarter MD&#038;A dated May&nbsp;6, 2008, BCE&#146;s 2008
Second Quarter MD&#038;A dated August&nbsp;5, 2008, BCE&#146;s 2008 Third Quarter MD&#038;A dated
October&nbsp;28, 2008, the definitive agreement dated June&nbsp;29, 2007, as amended by
the final amending agreement dated July&nbsp;4, 2008, and BCE&#146;s management proxy
circular dated August&nbsp;7, 2007, all filed by BCE with the Canadian securities
commissions (available at <U>www.sedar.com</U>) and with the U.S. Securities and
Exchange Commission (available at <U>www.sec.gov</U>). These documents are also
available on BCE&#146;s website at <U>www.bce.ca</U>.</TD>
</TR>

</TABLE>
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>5.2</B>&nbsp;&nbsp;&nbsp;<B>Disclosure for Restructuring Transactions</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>N/A</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" nowrap align="left"><B>Item&nbsp;6</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Reliance on subsection 7.1(2) or (3)&nbsp;of National Instrument 51-102</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>This report is not being filed on a confidential basis.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" nowrap align="left"><B>Item&nbsp;7</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Omitted Information</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>None.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" nowrap align="left"><B>Item&nbsp;8</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Executive Officer</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Martine Turcotte<BR>
Executive Vice-President and Chief Legal &#038; Regulatory Officer<BR>
(514)&nbsp;786-3891</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" nowrap align="left"><B>Item&nbsp;9</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Date of Report</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>November&nbsp;27, 2008.</TD>
</TR>

</TABLE>
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>ANNEX</B>
</DIV>
</DIV>

<DIV style="font-family: Helvetica,Arial,sans-serif">

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="50%">&nbsp;</TD>
    <TD width="10%">&nbsp;</TD>
    <TD width="40%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="bottom"><DIV style="margin-left:0px; text-indent:-0px"><IMG src="m42587orm4258700.gif" alt="(BCE LOGO)">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom"><IMG src="m42587orm4258701.gif" alt="(News Release)"></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">For Immediate Release<BR>
Montr&#233;al, November&nbsp;26, 2008
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>BCE statement regarding privatization transaction</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">BCE (TSX, NYSE: BCE) today announced the company has received a preliminary view from KPMG that,
based on current market conditions, its analysis to date and the amount of indebtedness involved in
the LBO financing, it does not expect to be in a position to deliver on the scheduled effective
date of BCE&#146;s privatization, December&nbsp;11, 2008, an opinion that BCE would meet the solvency tests
as defined in the definitive agreement, as amended. The receipt at the effective time of a positive
solvency opinion is a condition to the closing of the transaction.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">At the same time, KPMG indicated that BCE would meet all solvency tests under its current capital
structure.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#147;BCE today enjoys solid investment grade credit ratings, has $2.8&nbsp;billion of cash on hand, a low
level of mid-term debt maturities, and continues to deliver solid operating results,&#148; said George
Cope, President and CEO of BCE and Bell.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#147;We are disappointed with KPMG&#146;s preliminary view of post-transaction solvency, which is based on
numerous assumptions and methodologies that we are currently reviewing. The company disagrees that
the addition of the LBO debt would result in BCE not meeting the technical solvency definition,&#148;
said Siim Vanaselja, BCE&#146;s Chief Financial Officer.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The company continues to work with KPMG and the Purchaser to seek to satisfy all closing
conditions. Should KPMG be unable to deliver a favourable opinion on December&nbsp;11, 2008, however,
the transaction is unlikely to proceed.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Caution Concerning Forward-Looking Statements</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">This news release contains forward-looking statements relating to the proposed privatization of BCE
and other statements that are not historical facts. Such forward-looking statements are subject
important risks, uncertainties and assumptions. The results or events predicted in these
forward-looking statements may differ materially from actual results or events. As a result, we
cannot guarantee that any forward-looking statement will materialize.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The timing and completion of the proposed privatization transaction is subject to each of the
parties fulfilling their commitments under the transaction documents and to a number of terms and
conditions, including, without limitation, the provisions of, and certain termination rights
available to the parties under, the
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><IMG src="m42587orm4258700.gif" alt="(BCE LOGO)">
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">definitive agreement dated June&nbsp;29, 2007, as amended by the final amending agreement dated July&nbsp;4,
2008, governing the terms of the transaction. The conditions to the transaction may not be
satisfied in accordance with their terms, and/or the parties to the definitive agreement may
exercise their termination rights, in which case the proposed privatization transaction could be
modified, restructured or terminated, as applicable. Failure to complete the proposed privatization
transaction could have a material adverse impact on the market price of BCE&#146;s shares.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The forward-looking statements contained in this news release are made as of the date of this
release and, accordingly, are subject to change after such date. Except as may be required by
Canadian securities laws, we do not undertake any obligation to update or revise any
forward-looking statements contained in this news release, whether as a result of new information,
future events or otherwise. Additionally, we undertake no obligation to comment on expectations of,
or statements made by, third parties in respect of the proposed privatization transaction. For
additional information with respect to certain of these and other assumptions and risks, please
refer to BCE&#146;s 2007 annual management&#146;s discussion and analysis (&#147;MD&#038;A&#148;) dated March&nbsp;5, 2008
included in the Bell Canada Enterprises 2007 Annual Report, BCE&#146;s 2008 First Quarter MD&#038;A dated May
6, 2008, BCE&#146;s 2008 Second Quarter MD&#038;A dated August&nbsp;5, 2008, BCE&#146;s 2008 Third Quarter MD&#038;A dated
October&nbsp;28, 2008, the definitive agreement dated June&nbsp;29, 2007, as amended by the final amending
agreement dated July&nbsp;4, 2008, and BCE&#146;s management proxy circular dated August&nbsp;7, 2007, all filed
by BCE with the Canadian securities commissions (available at www.sedar.com) and with the U.S.
Securities and Exchange Commission (available at www.sec.gov). These documents are also available
on BCE&#146;s website at www.bce.ca.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>About BCE</B><BR>
BCE is Canada&#146;s largest communications company, providing the most comprehensive and innovative
suite of communication services to residential and business customers in Canada. Under the Bell
brand, the Company&#146;s services include local, long distance and wireless phone services, high-speed
and wireless Internet access, IP-broadband services, information and communications technology
services (or value-added services) and direct-to-home satellite and VDSL television services. BCE
also holds an interest in CTVglobemedia, Canada&#146;s premier media company. BCE shares are listed in
Canada and the United States. For corporate information on BCE, please visit www.bce.ca.
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt">&#150; 30 &#150;
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><IMG src="m42587orm4258700.gif" alt="(BCE LOGO)">
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>For inquiries, please contact:</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="35%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="65%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Mark Langton
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Thane Fotopoulos</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Bell, Media Relations
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">BCE, Investor Relations</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">416 581-4339
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">514 870-4619</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">1 888 482-0809
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><U>thane.fotopoulos@bell.ca</U></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><U>mark.langton@bell.ca</U></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>



</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-2
<SEQUENCE>3
<FILENAME>m42587orexv2.htm
<DESCRIPTION>PRESS RELEASE
<TEXT>
<HTML>
<HEAD>
<TITLE>exv2</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><B>Exhibit&nbsp;2</B>
</DIV>
</DIV>


<DIV style="font-family: Helvetica,Arial,sans-serif">

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="50%">&nbsp;</TD>
    <TD width="10%">&nbsp;</TD>
    <TD width="40%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="bottom"><DIV style="margin-left:0px; text-indent:-0px"><IMG src="m42587orm4258700.gif" alt="(BCE LOGO)">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom"><IMG src="m42587orm4258701.gif" alt="(News Release)"></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">For Immediate Release<BR>
Montr&#233;al, November&nbsp;26, 2008
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>BCE statement regarding privatization transaction</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">BCE (TSX, NYSE: BCE) today announced the company has received a preliminary view from KPMG that,
based on current market conditions, its analysis to date and the amount of indebtedness involved in
the LBO financing, it does not expect to be in a position to deliver on the scheduled effective
date of BCE&#146;s privatization, December&nbsp;11, 2008, an opinion that BCE would meet the solvency tests
as defined in the definitive agreement, as amended. The receipt at the effective time of a positive
solvency opinion is a condition to the closing of the transaction.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">At the same time, KPMG indicated that BCE would meet all solvency tests under its current capital
structure.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#147;BCE today enjoys solid investment grade credit ratings, has $2.8&nbsp;billion of cash on hand, a low
level of mid-term debt maturities, and continues to deliver solid operating results,&#148; said George
Cope, President and CEO of BCE and Bell.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#147;We are disappointed with KPMG&#146;s preliminary view of post-transaction solvency, which is based on
numerous assumptions and methodologies that we are currently reviewing. The company disagrees that
the addition of the LBO debt would result in BCE not meeting the technical solvency definition,&#148;
said Siim Vanaselja, BCE&#146;s Chief Financial Officer.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The company continues to work with KPMG and the Purchaser to seek to satisfy all closing
conditions. Should KPMG be unable to deliver a favourable opinion on December&nbsp;11, 2008, however,
the transaction is unlikely to proceed.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Caution Concerning Forward-Looking Statements</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">This news release contains forward-looking statements relating to the proposed privatization of BCE
and other statements that are not historical facts. Such forward-looking statements are subject
important risks, uncertainties and assumptions. The results or events predicted in these
forward-looking statements may differ materially from actual results or events. As a result, we
cannot guarantee that any forward-looking statement will materialize.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The timing and completion of the proposed privatization transaction is subject to each of the
parties fulfilling their commitments under the transaction documents and to a number of terms and
conditions, including, without limitation, the provisions of, and certain termination rights
available to the parties under, the
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><IMG src="m42587orm4258700.gif" alt="(BCE LOGO)">
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">definitive agreement dated June&nbsp;29, 2007, as amended by the final amending agreement dated July&nbsp;4,
2008, governing the terms of the transaction. The conditions to the transaction may not be
satisfied in accordance with their terms, and/or the parties to the definitive agreement may
exercise their termination rights, in which case the proposed privatization transaction could be
modified, restructured or terminated, as applicable. Failure to complete the proposed privatization
transaction could have a material adverse impact on the market price of BCE&#146;s shares.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The forward-looking statements contained in this news release are made as of the date of this
release and, accordingly, are subject to change after such date. Except as may be required by
Canadian securities laws, we do not undertake any obligation to update or revise any
forward-looking statements contained in this news release, whether as a result of new information,
future events or otherwise. Additionally, we undertake no obligation to comment on expectations of,
or statements made by, third parties in respect of the proposed privatization transaction. For
additional information with respect to certain of these and other assumptions and risks, please
refer to BCE&#146;s 2007 annual management&#146;s discussion and analysis (&#147;MD&#038;A&#148;) dated March&nbsp;5, 2008
included in the Bell Canada Enterprises 2007 Annual Report, BCE&#146;s 2008 First Quarter MD&#038;A dated May
6, 2008, BCE&#146;s 2008 Second Quarter MD&#038;A dated August&nbsp;5, 2008, BCE&#146;s 2008 Third Quarter MD&#038;A dated
October&nbsp;28, 2008, the definitive agreement dated June&nbsp;29, 2007, as amended by the final amending
agreement dated July&nbsp;4, 2008, and BCE&#146;s management proxy circular dated August&nbsp;7, 2007, all filed
by BCE with the Canadian securities commissions (available at www.sedar.com) and with the U.S.
Securities and Exchange Commission (available at www.sec.gov). These documents are also available
on BCE&#146;s website at www.bce.ca.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>About BCE</B><BR>
BCE is Canada&#146;s largest communications company, providing the most comprehensive and innovative
suite of communication services to residential and business customers in Canada. Under the Bell
brand, the Company&#146;s services include local, long distance and wireless phone services, high-speed
and wireless Internet access, IP-broadband services, information and communications technology
services (or value-added services) and direct-to-home satellite and VDSL television services. BCE
also holds an interest in CTVglobemedia, Canada&#146;s premier media company. BCE shares are listed in
Canada and the United States. For corporate information on BCE, please visit www.bce.ca.
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt">&#150; 30 &#150;
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><IMG src="m42587orm4258700.gif" alt="(BCE LOGO)">
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>For inquiries, please contact:</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="35%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="65%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Mark Langton
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Thane Fotopoulos</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Bell, Media Relations
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">BCE, Investor Relations</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">416 581-4339
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">514 870-4619</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">1 888 482-0809
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><U>thane.fotopoulos@bell.ca</U></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><U>mark.langton@bell.ca</U></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>



</BODY>
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