I cannot imagine myself saying those words to the person i love. But if it does happen in a situation like that, the words will be in a different way.
Firstly, i would sit with him and talk about the matter.
This would require alot of patience, and you need to be ready for whatever the consequences.
He may not be telling the truth, and you already know that of course.
If he cheats, ask him why does he do that.
However, If he refuse to listen to your advise or other person advise for that matter; and if he is still doing the same thing or whatever he's doing is jeopardising the relationship, worst hurting you.
Only then,you will decide to end the relationship.