FOR IMMEDIATE RELEASE
September 9, 1996
NYNEX and Bell Atlantic Complete Joint Proxy
Statement/Prospectus for Merger
-Special Shareowner Meeting Dates Set-
NEW YORK, NY and PHILADELPHIA, Pa. - NYNEX and Bell
Atlantic announced today that the SEC has completed its review of the
joint proxy statement/prospectus for their proposed merger, and that
mailings to shareowners will begin on Sept. 18.
Special shareowner meetings for voting on the merger have been
scheduled in New York City on Nov. 6 for NYNEX and in Richmond, VA On
Nov. 8 for Bell Atlantic.
The companies are working to complete the merger as quickly as
possible and hope to close it as early as Jan. 1, 1997.
As stated in the proxy statement/prospectus, the companies believe
their merger will create a premier communications company that will be
better positioned to compete in the rapidly changing communications
industry, and that the merger will allow them to accelerate long-term
growth, continue to provide competitive dividends, and create
stockholder value in years to come.
- NYNEX - Susan Kraus (212) 395-0500
Bell Atlantic - Eric Rabe (215) 963-6531