NYNEX Declares Regular Quarterly Dividend

March 20, 1997

CONTACT: David Frail, 212/395-0500

NYNEX Declares Regular Quarterly Dividend

NEW YORK--The board of directors of NYNEX Corp. (NYSE:NYN) today
approved payment of the regular quarterly dividend of 59 cents per share,
unchanged from the previous quarter.

The dividend is payable on May 1, 1997 to share owners of record
at the close of business on April 10, 1997. There are approximately 440
million NYNEX common shares outstanding.

NYNEX is a global communications and media company that provides
a full range of services in the northeastern United States and high-growth
markets around the world, including the United Kingdom, Thailand, Gibraltar,
Greece, Indonesia, the Philippines, Poland, Slovakia and the Czech Republic.

The company is a leader in telecommunications, wireless communications,
directory publishing and video entertainment and information services. NYNEX
is also managing sponsor of FLAG -- Fiberoptic Link Around the Globe --
the world's longest undersea fiber optic communications cable.

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