RNS Number:5771H
Atlantic Telecom Group PLC
26 July 2001

                                 SCHEDULE 10

                  NOTIFICATION OF MAJOR INTERESTS IN SHARES

 1. Name of company


Atlantic Telecom Group PLC


2) Name of shareholder having a major interest


Morgan Stanley Capital Partners LP

Morgan Stanley Capital Partners III LP

MSCP III 892 Investors LP

3) Please state whether notification indicates that it is in respect of
holding of the shareholder named in 2 above or in respect of a
non-beneficial interest or in the case of an individual holder if it is a
holding of that person's spouse or children under the age of 18

Shareholders named in 2

4) Name of the registered holder(s) and, if more than one holder, the
number of shares held by each of them


Shareholders named in 2
Morstan Nominees Limited - holding not confirmed

5) Number of shares/amount of stock acquired

N/A

6) Percentage of issued class

N/A

7) Number of shares/amount of stock disposed

Not disclosed

8) Percentage of issued class

Not disclosed

9) Class of security

Ordinary 25p shares

10) Date of transaction

20 July 2001 and 24 July 2001

11) Date company informed

25 July 2001

12) Total holding following this notification

8,360,257


13) Total percentage holding of issued class following this notification

3.81%

14) Any additional information

Company advised of two transactions. The first on 20 July 2001 which reduced
Morgan Stanley's holding to 10,129,088 and the second on 24 July 2001 which
further reduced their holding to 8,360,257. Both transactions were advised to
company on 25 July 2001.

15) Name of contact and telephone number for queries

Gail Stivey 0141 403 4724

16) Name and signature of authorised company official responsible for
making this notification

Date of notification 26 July 2001



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