Reminder: NYNEX, IBM to announce plans for business telecommunications services

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NEW YORK, NY -- NYNEX and IBM will announce plans today to jointly develop a new set of telecommunications networking products and services.

The announcement will come at a press conference at 10 a.m., during which the two companies will explain the new offerings and demonstrate how they work.

At the event, NYNEX will announce its strategic vision for serving the business market. Two other related announcements will be made: an alliance with Newbridge Networks and an agreement with Bell Atlantic.

The press conference will take place at NYNEX headquarters, 1095 Avenue of the Americas (at 42nd Street), New York, NY, 23rd Floor auditorium. The event will also be broadcast to the auditorium at NYNEX's Boston facility at 185 Franklin St.

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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The new Bell Atlantic will serve more than 39 million telephone access lines and more than 4.5 million cellular customers in 13 states and around the world.


Today's action means that now four of the seven NYNEX states have either approved the merger or have not sought jurisdiction over it.