<SEC-DOCUMENT>0001193125-25-155543.txt : 20250703
<SEC-HEADER>0001193125-25-155543.hdr.sgml : 20250703
<ACCEPTANCE-DATETIME>20250703171907
ACCESSION NUMBER:		0001193125-25-155543
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		4
CONFORMED PERIOD OF REPORT:	20250703
FILED AS OF DATE:		20250703
DATE AS OF CHANGE:		20250703

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BCE INC
		CENTRAL INDEX KEY:			0000718940
		STANDARD INDUSTRIAL CLASSIFICATION:	TELEPHONE COMMUNICATIONS (NO RADIO TELEPHONE) [4813]
		ORGANIZATION NAME:           	06 Technology
		EIN:				000000000
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-08481
		FILM NUMBER:		251106379

	BUSINESS ADDRESS:	
		ADDRESS IS A NON US LOCATION: 	YES
		STREET 1:		1 CARREFOUR ALEXANDER-GRAHAM-BELL
		CITY:			VERDUN
		PROVINCE COUNTRY:   	A8
		ZIP:			H3E 3B3
		BUSINESS PHONE:		514-786-3891

	MAIL ADDRESS:	
		ADDRESS IS A NON US LOCATION: 	YES
		STREET 1:		1 CARREFOUR ALEXANDER-GRAHAM-BELL
		CITY:			VERDUN
		PROVINCE COUNTRY:   	A8
		ZIP:			H3E 3B3

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BELL CANADA ENTERPRISES INC
		DATE OF NAME CHANGE:	19880111
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>d949322d6k.htm
<DESCRIPTION>6-K
<TEXT>
<HTML><HEAD>
<TITLE>6-K</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE" STYLE="line-height:Normal">


<Center><DIV STYLE="width:8.5in" align="left">
<DIV STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;
</DIV><DIV STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</DIV> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>UNITED STATES </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>SECURITIES AND EXCHANGE COMMISSION </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Washington, D.C. 20549 </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center><DIV STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</DIV></center>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>Form <FONT STYLE="white-space:nowrap">6-K</FONT> </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center><DIV STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</DIV></center>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>REPORT OF FOREIGN PRIVATE ISSUER </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>PURSUANT TO RULE <FONT STYLE="white-space:nowrap">13a-16</FONT> OR <FONT STYLE="white-space:nowrap">15d-16</FONT> </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>UNDER THE SECURITIES EXCHANGE ACT OF 1934 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>July&nbsp;3, 2025 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Commission File Number: <FONT STYLE="white-space:nowrap">1-8481</FONT> </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center><DIV STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</DIV></center>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:24pt; font-family:Times New Roman" ALIGN="center"><B>BCE Inc. </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>(Translation
of registrant&#146;s name into English) </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center><DIV STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</DIV></center>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>1, carrefour Alexander-Graham-Bell, </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Verdun, Qu&eacute;bec </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Canada H3E 3B3 </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>(514) <FONT
STYLE="white-space:nowrap">870-8777</FONT> </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Address of principal executive office) </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center><DIV STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</DIV></center>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Indicate by check mark whether the registrant files or will file annual reports under cover of Form <FONT STYLE="white-space:nowrap">20-F</FONT> or Form <FONT
STYLE="white-space:nowrap">40-F.</FONT> </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Form <FONT STYLE="white-space:nowrap">20-F&#8194;&#9744;&#8195;&#8195;&#8195;Form</FONT> <FONT
STYLE="white-space:nowrap">40-F&#8194;&#9746;</FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Notwithstanding any reference to Bell Canada&#146;s or BCE Inc.&#146;s Web site on the World Wide Web
in the document attached hereto, the information contained in Bell Canada&#146;s or BCE Inc.&#146;s site or any other site on the World Wide Web referred to in Bell Canada&#146;s or BCE Inc.&#146;s site is not a part of this Form <FONT
STYLE="white-space:nowrap">6-K</FONT> and, therefore, is not furnished to the Securities and Exchange Commission. </P>
<P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;
</DIV><DIV STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</DIV>
</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>SIGNATURE </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">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. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>

<TD WIDTH="45%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="4%"></TD>

<TD VALIGN="bottom"></TD>
<TD WIDTH="3%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="45%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3"><B>BCE Inc.</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Date: July&nbsp;3, 2025</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ Genevi&egrave;ve Filion</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Name: Genevi&egrave;ve Filion</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Title: Assistant General Counsel and Deputy Corporate Secretary</TD></TR>
</TABLE>
</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>EXHIBIT INDEX </U></B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" ALIGN="center">


<TR>

<TD></TD>

<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD WIDTH="93%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; display:table-cell; font-size:8pt; font-family:Times New Roman; "><B>Exhibit</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>99.1</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Press Release</TD></TR>
</TABLE>
</DIV></Center>

</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>d949322dex991.htm
<DESCRIPTION>EX-99.1
<TEXT>
<HTML><HEAD>
<TITLE>EX-99.1</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE" STYLE="line-height:Normal">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 99.1 </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="35%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="32%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="31%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">


<IMG SRC="g949322g0704015454559.jpg" ALT="LOGO" STYLE="width:1.47986in;height:1.12361in;">
</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">


<IMG SRC="g949322g0704015454298.jpg" ALT="LOGO" STYLE="width:2.34653in;height:0.423611in;">
</TD></TR>
</TABLE> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">For Immediate Release </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>BCE concludes sale of its minority stake in MLSE </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Proceeds of sale will support financing of the acquisition of Ziply Fiber </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Strategic partnership with PSP Investments to develop fibre in Pacific Northwest; enabling Bell to reach up to
8&nbsp;million locations in the U.S. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Long-term content rights agreement with Rogers ensures TSN will remain Canada&#146;s Sports Leader
</P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Montr&eacute;al, July&nbsp;2, 2025 &#150; BCE Inc. (TSX:&nbsp;BCE) (NYSE: BCE) today announced that it has successfully concluded the
sale of its ownership stake in Maple Leaf Sports and Entertainment (MLSE) to Rogers Communications Inc. (Rogers) for CA$4.7&nbsp;billion ($4.2&nbsp;billion net of taxes), following all regulatory and sports league approvals. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">BCE expects to direct proceeds of the sale to support its <U>acquisition of Ziply Fiber</U>, the leading fibre Internet provider in the Pacific Northwest of
the United States. Through this transaction, BCE is converting its passive interest in MLSE into a core business growth driver. The transaction is expected to close later this year. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">To accelerate expansion into the U.S. market, BCE and PSP Investments <U>formed Network FiberCo</U> earlier this year. This long-term strategic partnership
will enable Bell to reach up to 8&nbsp;million fibre locations in the U.S. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">As part of the MLSE transaction and BCE&#146;s focus on building a digital
media and content powerhouse, Bell Media has secured access to content rights for the Toronto Maple Leafs and Toronto Raptors on TSN through the 2043/2044 season through a long-term agreement with Rogers, subject to league approvals. This deal
cements TSN&#146;s place as Canada&#146;s Sports Leader, delivering the country&#146;s biggest and broadest sports schedule with marquee events including the 2026 FIFA World Cup. Bell will also remain the official telecom sponsor of the Toronto
Raptors and maintain its sponsorships of the Toronto Argonauts and Toronto FC, a demonstration of its commitment to these great teams, their fans and the leagues. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Quote </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">&#147;Building the best fibre Internet and 5G
wireless networks is a cornerstone of BCE&#146;s strategy. The conclusion of the sale of our stake in MLSE provides us with capital to put towards the acquisition of Ziply Fiber. This transaction will accelerate our fibre growth as we pursue
opportunities in the high-potential U.S. market, all while maintaining our status as a sports content powerhouse and strong supporter of Toronto&#146;s teams. All of us at Bell wish MLSE success under the continued stewardship of Rogers.&#148; </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Mirko Bibic, President&nbsp;&amp; CEO, BCE Inc. and Bell Canada </P></TD></TR></TABLE>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>About BCE </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">BCE is Canada&#146;s largest communications
company,<SUP STYLE="font-size:75%; vertical-align:top">1</SUP> providing advanced Bell broadband Internet, wireless, TV, media and business communications services. To learn more, please visit <U>Bell.ca</U> or <U>BCE.ca</U>. </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:11%">&nbsp;</DIV>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:75%; vertical-align:top">1</SUP></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Based on total revenue and total combined customer connections. </P></TD></TR></TABLE>
</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Through Bell for Better, we are investing to create a better today and a better tomorrow by supporting the
social and economic prosperity of our communities. This includes the Bell Let&#146;s Talk initiative, which promotes Canadian mental health with national awareness and anti-stigma campaigns like Bell Let&#146;s Talk Day and significant Bell funding
of community care and access, research and workplace initiatives throughout the country. To learn more, please visit Bell.ca/LetsTalk. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Media
inquiries: </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Ellen Murphy </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>media@bell.ca</U> </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Investor inquiries: </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Richard Bengian </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>richard.bengian@bell.ca</U> </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>CAUTION REGARDING
FORWARD-LOOKING STATEMENTS</B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Certain statements made in this news release are forward-looking statements, including statements relating to: the expected
use by BCE of the proceeds from the disposition of its ownership stake in MLSE; potential benefits expected to result from the disposition; the access by Bell Media to content rights for the Toronto Maple Leafs and Toronto Raptors for the next 20
years through a long-term agreement with Rogers; the proposed acquisition of Ziply Fiber, the expected timing and completion thereof, the sources of liquidity expected to be used to fund the proposed acquisition, and potential benefits expected to
result from the proposed acquisition; the target number of fibre locations to be reached in the U.S.; and other statements that are not historical facts. All such forward-looking statements are made pursuant to the &#147;safe
harbour&#148;&nbsp;provisions of applicable Canadian securities laws and of&nbsp;the United States<I>&nbsp;Private Securities Litigation Reform Act of 1995</I>. Forward-looking statements are subject to inherent risks and uncertainties and are based
on several assumptions which give rise to the possibility that actual results or events could differ materially from our expectations. These statements are not guarantees of future performance or events, and we caution you against relying on any of
these forward-looking statements. The forward-looking statements contained in this news release describe our expectations at the date of this news release and, accordingly, are subject to change after such date. Except as may be required by
applicable 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. In addition, the expected timing
and completion of the proposed acquisition of Ziply Fiber are subject to customary closing conditions, termination rights and other risks and uncertainties including, without limitation, relevant regulatory approvals, such as approval by the Federal
Communications Commission and approvals by state Public Utilities Commissions, which may affect its completion, terms or timing. Accordingly, there can be no assurance that the proposed acquisition will occur, or that it will occur on the terms and
conditions, or at the time, contemplated in this news release. The proposed acquisition could be modified, restructured or terminated. There can also be no assurance that the potential benefits expected to result from the proposed acquisition, or
from the disposition of BCE&#146;s ownership stake in MLSE, will be </P>
</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">realized. For additional information on assumptions and risks underlying certain of our forward-looking
statements made in this news release, please consult BCE Inc.&#146;s (BCE) 2024 Annual MD&amp;A dated&nbsp;March 6, 2025, BCE&#146;s 2025 First Quarter MD&amp;A dated&nbsp;May 7, 2025 and BCE&#146;s news release dated&nbsp;May 8,
2025&nbsp;announcing its financial results for the first quarter of 2025, filed with the Canadian provincial securities regulatory authorities (available at sedarplus.ca) and with the U.S. Securities and Exchange Commission (available at SEC.gov).
These documents are also available at BCE.ca. </P>
</DIV></Center>

</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>g949322g0704015454298.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g949322g0704015454298.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  @&!@<&!0@'!P<)"0@*#!0-# L+
M#!D2$P\4'1H?'AT:'!P@)"XG("(L(QP<*#<I+# Q-#0T'R<Y/3@R/"XS-#+_
MVP!# 0D)"0P+#!@-#1@R(1PA,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R
M,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C+_P  1"  H -X# 2(  A$! Q$!_\0
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M.^U34()IM2TP:>"_[F-I0SE<=6QT.?\ /KG.\8-<J5_/_@FD.6<XOF;MY?\
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7 "BBB@ HHHH **** "BBB@ HHHH _]D!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>4
<FILENAME>g949322g0704015454559.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g949322g0704015454559.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  @&!@<&!0@'!P<)"0@*#!0-# L+
M#!D2$P\4'1H?'AT:'!P@)"XG("(L(QP<*#<I+# Q-#0T'R<Y/3@R/"XS-#+_
MVP!# 0D)"0P+#!@-#1@R(1PA,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R
M,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C+_P  1" !J (P# 2(  A$! Q$!_\0
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M$"J-?1_@/_D1M(_ZX?U->[B:[HQ32N?-X3#*O-Q;L>!?\(]K?_0'U#_P&?\
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MXN^%=U;SR7GA]//MV.XVN?GC_P!W/WA^OUJ,/C%)N-3^O(TQ6 E!*=+6V_\
MF=MX6^(.D^(+6-)YXK/4 ,/!*VT,?5">H]NM=:TB)'YC.JH!G<3@?G7RI<VM
MQ9S&&Z@E@E7JDB%2/P-1Y.,9XI2R^,G>+LAPS2<5:<;O[CWWQ+\2=&T2%X[2
M9+^]QA8X6RBG_:8<?@.?I3M"\7VWBOPG?/\ +%?0VSBX@!Z':?F7_9/Z=*\1
MTK0-5UN81Z=8S3Y."RKA1]6/ _$UZUX;^'R^&=)OM0O9O.U%K210(R=D8*G(
M_P!H^Y_^O45:%&E&U_>-*&)Q%:?-;W3Q.OH_P'_R(VD?]</ZFOG'!]*7<X&
M6_.NS$4/;14;V//PF)^KR<K7N?6%%?)^Y_[S?G1N?^\WYUR?V=_>_#_@G?\
MVM_<_'_@'UA16%X,S_PA>CY_Y]4_E6[7G27+)H]:$N:*EW"BBBI*"BBB@ HH
MHH **** (I[:"Y39/#'*O]V1 P_6JJZ'I*-N32[)6]1;H#_*K]%--K83BGNA
M%4*H50 HZ #I2T44AA1110 4444 %%%% !1110 4444 %%%% !1110 4444
3%%%% !1110 4444 %%%% '__V0$!

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
