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February 1, 1996
NYNEX CONTACT: Media Relations,
Nynex Chairman Praises Passage Of Telecommunications Bill
New York, NY -- Ivan Seidenberg NYNEX Chairman and CEO
"We applaud Congress for making history. From the beginning,
this legislation has been about choice and value for the American
people. And today, consumers won.
This bill sets the stage for real competition to develop in local
and long distance telephone and for cable TV. And by removing
legal and regulatory barriers to markets, this legislation will
dramatically stimulate the economy and create thousands of new
jobs in the NYNEX region over the next decade.
NYNEX will offer consumers value and simplicity for long distance
service as soon as possible under the terms of the legislation
and applicable regulations. NYNEX already is ahead of others in
meeting the requirements for entering the long distance business,
due to the progressive regulatory climate in the Northeast and
the steps NYNEX has taken at the state level to foster competition.
Once into long distance, we will be able to offer complete packages
of communications and information services tailored to the needs
of individual customers.
At last, customers will find out what `true choice' really means."
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