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RNS No 9166x
BELL ATLANTIC CORPORATION
26th November 1997

 
BELL ATLANTIC DECLARES QUARTERLY DIVIDEND
 
New York, November 25 - The board of directors of Bell Atlantic Corp. (NYSE:
BEL) today declared a quarterly dividend of US$0.77 per outstanding common
share, 6.5 percent higher than the dividend in the same quarter a year ago.
 
The dividend has been increased twice in 1997. The first, from $0.72 per share
to $0.74 per share, was declared in March. The second, from $0.74 per share to
$0.77 per share, was declared in the third quarter following the merger of
Bell Atlantic and NYNEX.
 
The dividend will be payable Feb. 2, 1998, to shareowners of record on Jan. 9,
1998. Bell Atlantic has approximately 1.3 million registered shareowners and
approximately 776.5 million shares of common stock outstanding.
 
In a separate action, the board authorized management to repurchase shares
from time to time for various purposes, including the satisfaction of employee
compensation plans. This action replaces a similar authorization that expires
Dec. 31, 1997. The authorization permits the repurchase of up to $1 billion of
company shares in the two-year period beginning Jan. 1, 1998.
 
Bell Atlantic has no current plans to initiate a share-buyback program. Also,
as previously announced, Bell Atlantic will follow pooling-of-interests
accounting rules in repurchasing shares.
 
The new Bell Atlantic -- formed through the merger of Bell Atlantic and NYNEX
-- is at the forefront of the new communications, information and
entertainment industry. With 40 million telephone access lines and 5.8 million
wireless customers worldwide, Bell Atlantic companies are premier providers of
advanced wireline voice and data services, market leaders in wireless services
and the world's largest publishers of directory information. Bell Atlantic
companies are also among the world's largest investors in high- growth global
communications markets, with operations and investments in 21 countries.
 
INTERNET USERS: Bell Atlantic news releases, executive speeches, news media
contacts and other useful information are available at Bell Atlantic's News
Center on the World Wide Web ( http://www.ba.com ). To receive news releases
by e-mail, visit the News Center and register for personalized automatic
delivery of Bell Atlantic news releases.
 
Contact: David Frail of Bell Atlantic, tel New York 001 212-395-7726 or email:
david_frail@smtp.nynex.com
 

END

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