Bell Atlantic - Pennsylvania to Redeem 40-Year Debentures
September 25, 1998
NEW YORK - Bell Atlantic Corp. (NYSE:BEL) today
announced that on Oct. 26, 1998, its subsidiary Bell Atlantic-
Pennsylvania, Inc. will redeem the entire $125 million outstanding
principal amount of its 40-Year 7 1/2 Percent Debentures, due May 1, 2013.
Bell Atlantic-Pennsylvania will pay a redemption price 102.04
percent of the principal amount, together with interest accrued to the
redemption date. On and after Oct. 26, 1998, interest on these debentures
will cease to accrue.
Bell Atlantic -- formed through the merger of Bell Atlantic and
NYNEX -- is at the forefront of the new communications and information
industry. With more than 41 million telephone access lines and more than
seven million wireless customers worldwide, Bell Atlantic companies are
premier providers of advanced wireline voice and data services, market
leaders in wireless services and the world's largest publishers of directory
information. Bell Atlantic companies are also among the world's largest
investors in high-growth global communications markets, with operations
and investments in 23 countries.