ATN Aterian Plc

RNS Number:2522C
Atlantic Telecom Group PLC
9 December 1999


 Not for release, publication or distribution in whole or in part in or
   into the United States, Canada, Japan, Australia or the Republic of
                                 Ireland

                 ATLANTIC TELECOM GROUP PLC ("ATLANTIC")
                                    
                 RESULT OF EXTRAORDINARY GENERAL MEETING
                                    
Atlantic  is  pleased  to  announce that, at the  Extraordinary  General
Meeting  of  the Company held earlier today, the Resolutions  approving,
inter  alia,  the  Placing and Open Offer and the Strategic  Partnership
with Marconi announced on 12 November 1999 were passed.

Accordingly,  the  Placing and Open Offer and the Strategic  Partnership
remain  conditional only upon (1) completion of the Framework  Agreement
(subject  only  to  Admission)  and it not  having  been  terminated  in
accordance with its terms prior to Admission, (2) the Placing  Agreement
having  become  unconditional in all respects and  it  not  having  been
terminated  in  accordance with its terms prior to  Admission,  and  (3)
Admission becoming effective.

It  is expected that Admission will become effective and dealings in the
New  Ordinary Shares will commence at 8.00 a.m. on Friday,  10  December
and  that  amendments  will  be made to CREST  accounts  on  Friday,  10
December  1999.  It is expected that definitive share certificates  will
be  despatched in respect of New Ordinary Shares by Friday, 17  December
1999.

Marconi  has exercised in full its option to subscribe for an additional
2,354,561  New  Ordinary  Shares  at 440p  per  share.   The  Additional
Subscription   is   conditional  upon  Admission   becoming   effective.
Accordingly,  following Admission Marconi's holding will  be  41,454,561
Ordinary Shares, representing approximately 27.0 per cent. of Atlantic's
enlarged issued share capital of 153,535,412 Ordinary Shares.

As  announced by the FTSE Actuaries UK Indices Committee on  7  December
1999, Atlantic will enter the FTSE 250 Index with effect from Monday, 20
December 1999.

Words  and expressions defined in the Prospectus dated 16 November  1999
shall,  unless  the context otherwise requires, have the  same  meanings
when used in this announcement.

Enquiries:

Graham Duncan         Atlantic Telecom     01224 454 000
Executive Chairman                         
                                           
Stephen Aulsebrook    Close Brothers       020 7655 3100
Managing Director                          
                                           
David Arch                                 
Director                                   
                                           
Bob Pringle           Hoare Govett         020 7678 8000
Senior Director                            
                                           
Jim Wight                                  
Director                                   

Close Brothers Corporate Finance Limited and Hoare Govett Limited, which
are  regulated  in  the  United Kingdom by The  Securities  and  Futures
Authority Limited, are acting for Atlantic Telecom Group PLC and no  one
else  in relation to the matters described in this announcement and will
not  be  responsible  to  any  other person  for  providing  protections
afforded  to  customers of Close Brothers Corporate Finance Limited  and
Hoare  Govett Limited or for providing advice in relation to the matters
referred to herein.

This  announcement does not constitute or form any part of any offer  to
the  public  or invitation to sell or issue or any solicitation  of  any
offer  to  the  public to purchase or subscribe for  any  securities  of
Atlantic.   Any such offer may be made only pursuant to the  posting  of
definitive  offering documents (which would include  detailed  financial
information  regarding Atlantic and its management)  and  only  in  such
jurisdictions  in  which  such offerings  may  be  permitted.   The  New
Ordinary  Shares have not been and will not be registered under  the  US
Securities Act of 1933 (as amended) or under the securities laws of  any
state  of the United States or under the applicable securities  laws  of
Canada, Japan, Australia or the Republic of Ireland.  Subject to certain
limited  exceptions the New Ordinary Shares may not  be  offered,  sold,
taken  up,  renounced  or  delivered within the United  States,  Canada,
Japan,  Australia or the Republic of Ireland or to or by  any  national,
resident or citizen of such countries.



END
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