US Senate Passes Sweeping Telecommunications Reform Legislation; NYNEX One Step Closer to Entering New Lines of Business

June 15, 1995

NYNEX CONTACT: Media Relations,
(212) 395-0500

US Senate Passes Sweeping Telecommunications Reform Legislation; NYNEX One
Step Closer to Entering New Lines of Business

WASHINGTON, DC -- After seven days of grueling debate, the
United States Senate today passed by a vote of 81 to 18 sweeping
telecommunications legislation that would significantly alter the
competitive landscape of the communications industry. The legislation
will allow local telephone, long distance telephone and cable-television
companies to compete in each others markets, providing consumers with
greater choices for their service providers.

Todays Senate action is a great leap toward bringing true
competition to all facets of the communications industry. Although we
have several more hurdles to overcome before consumers can reap the
benefits of the Senates action, the odds that telecommunications reform
legislation will pass this Congress are now very good, said Tom Tauke,
executive vice president, NYNEX Government Affairs.

Under the provisions of the bill, NYNEX will be able to offer long
distance wireless services and long distance wireline service outside its
region immediately upon the bills enactment. Once the company has
demonstrated to the FCC that it has opened its local markets to
competition, it would also be able to offer long-distance service to
wireline customers in the NYNEX region.

The legislation also establishes a workable regulatory framework
for video services which will permit NYNEX to offer video programming to
its customers in the Northeast. Furthermore, the legislation removes
several regulatory barriers, which will speed the construction of a video
network that will be used to offer these advanced video services.

The legislation devises a new method of paying for universal
service, which assures that residential telephone rates will remain
affordable and that the benefits of the Information Age will continue to
be available to all Americans.

The Senate bill outlines a good policy framework for the
communications industry that significantly improves the status quo and
moves us into the next century. I wish to congratulate the managers of
the bill, Senators Pressler and Hollings, and the Senate Leadership,
Senators Dole and Lott, for developing strong support for this important
communications policy that will benefit consumers and enhance the nations
economy, noted Tauke.

The House of Representatives is likely to consider its version of
telecommunications legislation in July.

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.

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