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New England Telephone to Redeem 35-Year Debentures
April 12, 1999
| Media contact: | Jim Crosson, |
NEW YORK -- Bell Atlantic Corp. (NYSE:BEL) today announced that
on May 12, 1999, its wholly-owned subsidiary New England Telephone and
Telegraph Company will redeem the entire $200 million outstanding
principal amount of its 35-Year, 7 3/8 Percent Debentures, due Oct. 15,
2007.
The subsidiary will pay a redemption price of 100.94% of the principal
amount, together with interest accrued to the redemption date. On and
after May 12, 1999, interest on such debentures will cease to accrue.
Bell Atlantic is at the forefront of the new communications and
information industry. With more than 42 million telephone access lines
and 8.6 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.
