NYNEX and Sprint Sign a Unique Agreement

NEW YORK -- With a brand-new agenda to expand its telephone service, NYNEX (NYSE:NYN) will work together with Sprint Communications Company, L.P., to provide long distance services to NYNEX customers throughout the Northeast region, and in select international and domestic markets.

NYNEX will buy an extensive set of network, customer care, billing and telemarketing services in order to sell domestic and international services. The two-year contract also grants NYNEX the opportunity to promote its long distance programs with a full line of cellular, paging and Internet access, as well as video and entertainment services.

"Our agreement with Sprint is more comprehensive and flexible than conventional long distance resale agreements, and it allows us to enter the market with world-class capabilities and world-wide reach," said Robert T. Anderson, NYNEX vice president -- Business Development, who is also president of NYNEX's long distance subsidiary.

By using Sprint's infrastructure, we'll enter the market as a lean and efficient operation. Furthermore, the agreement provides a cost structure that will enable us to have the pricing flexibility required to be competitive in the long distance market," Anderson explained.

Regarding NYNEX's recent announcement of a merger with Bell Atlantic, both companies are pursuing parallel plans for entry into long distance arenas.

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