NYNEX Declares Regular Quarterly Dividend

June 20, 1996

(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 $0.59 per
share, unchanged from the previous quarter.

The dividend is payable on Aug. 1, 1996, to share owners of record at
the close of business on July 10, 1996. There are approximately 437.9
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 Corporation is a leader in the telecommunications, wireless communications,
cable television, directory publishing
and entertainment and information services.

FAX copies of recent NYNEX news releases are available free of charge, 24
a day. Call 1-800-331-1214 and an automated system will provide