Bell Atlantic Announces Redemption of 40-Year Debentures

NEW YORK -- Bell Atlantic (NYSE:BEL) today announced the redemption, on August 24, 1998, of $60 million principal amount of 40-year 7 3/4% debentures, due November 1, 2013, which were issued by Bell Atlantic - Washington, D.C., its wholly owned telephone subsidiary.

The company said it will redeem the entire outstanding principal amount of these debentures at the redemption price of 102.08% of the principal amount, together with interest accrued to the redemption date.

The company said that on and after August 24, 1998, interest on these debentures will cease to accrue.