NYNEX Chairman Says New York AG Is 'Dead Wrong' in Filing on Potential Merger

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February 5, 1997

CONTACT: Sue Kraus 212-395-0500

NYNEX Chairman Says New York AG Is 'Dead Wrong' in Filing on Potential Merger

Ivan Seidenberg, NYNEX chairman, issued the following

statement in response to a New York Attorney General

regulatory filing today about the NYNEX/Bell Atlantic

merger:

"The Attorney General is dead wrong on three counts:

the law, the facts, and what's good for New York.

"There's no antitrust issue here, and the potential

for Bell Atlantic to provide competitive services in New

York City is about as weak a straw that could have been

grasped.

"The fact is that no local area in the country has

more competition than New York City, and the Attorney

General is standing directly in the way of true competition

in long distance and cable.

"Finally, how many Fortune 500 companies have

committed to have headquarters here in New York in the last

few years? We have chosen New York City as the place to

headquarter our new company, but comments like those today

make one wonder if New York is a state where business is

welcome, or whether this is a state that tries to put

needless obstacles in the path of growth and progress."

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