BAN Banco Lat.8%Pfd

RNS No 6777k
BELL ATLANTIC CORP
21st July 1997

BELL ATLANTIC, NYNEX SEE COMMITMENTS AS A MEANS TO HASTEN MERGER APPROVAL,
COMPETITION

Bell Atlantic and NYNEX today (Saturday) made a set of commitments to the FCC
that are designed to secure approval for the companies' merger.

Ray Smith, Bell Atlantic chairman and chief executive officer, said, "These
commitments are consistent with previous actions we have taken in the states.
While we believe no conditions to the FCC's merger approval are warranted, these
particular initiatives will go a long way to allowing Bell Atlantic into the
long distance market and continue to open the way to local competition. This
will assure a choice for communications customers and long-term, sustainable
growth for the new Bell Atlantic."

Ivan Seidenberg, NYNEX chairman and chief executive officer, said. "We are ready
to go, and eager to get on with delivering the benefits of our merger. The new
Bell Atlantic will be positioned for early entry into in-region long distance.
Most important, we can now work with FCC Chairman Hundt and Commissioners Chong,
Ness and Quello to put this last regulatory hurdle behind us and move the new
Bell Atlantic from promise to performance."

END

Banco Lat.8%Pfd (LSE:BAN)
Historical Stock Chart
From Jun 2024 to Jul 2024

Banco Lat.8%Pfd (LSE:BAN)
Historical Stock Chart
From Jul 2023 to Jul 2024