NYNEX - Who We Are

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NYNEX Corporation is a global communications and media company that provides a full range of services in the northeastern United States and select markets around the world, including the United Kingdom, Thailand, Gibraltar, Greece, Indonesia, the Philippines, Poland, Slovakia and the Czech Republic. The company is a leader in telecommunications, wireless communications, cable television, directory publishing, video entertainment and information services. THE VITAL STATISTICS Statistical Data Domestic Telecom Service Area Domestic Wireless Service Area Global Presence Long Distance Entertainment Industry NYNEX Operating Groups Corporate Headquarters Share Owner Info Equal Opportunity Employer Statistical Data (as of 12/31/95) * Total Assets .............................$26.2 billion * Operating Revenues .......................$13.4 billion * Net Income (before charges) ..............$1.4 billion * Earnings per Share (before charges) ......$3.27 * Employees ................................65,776 * Telecom Customers ........................13 million * Shareowners ..............................895,000 * Weighted-Average Shares Outstanding ......426.6 million * Domestic Access Lines ....................17.1 million * Fiber Optic (conductor) Miles.............1.3 million * Worldwide Wireless POPs (proportionate) ..97 million Domestic Telecommunications Service Area NYNEX operates in the northeastern United States, specifically in New York, New Hampshire, Vermont, Maine, Massachusetts, Rhode Island and parts of Connecticut. NYNEX Information Resources Company offers "Big Yellow," a national on-line business directory on the World Wide Web. Big Yellow features more than 9,000 local and national advertisements. NYNEX Science & Technology, Inc., which performs research and development on advanced communications technologies, developed NYNEX VoiceDialing, a pioneering application of speech recognition technology to telephony. Other major local exchange companies license the technology from Science & Technology. Domestic Wireless Bell Atlantic NYNEX Mobile provides a full range of wireless local, long distance, data and paging communications in the largest single cellular service territory, stretching continuously from Maine to South Carolina, and including parts of the Southwest. Bell Atlantic NYNEX Mobile (a joint venture in which NYNEX and Bell Atlantic participate) had 3.4 million customers in a service territory covering nearly 54 million people on December 31, 1995 (NYNEX owns a 38% interest). PrimeCo Personal Communications, L.P. will provide innovative, nationally branded wireless services in 11 markets nationwide. PrimeCo's license area covers a population of more than 53 million. (NYNEX owns a 25% interest). PrimeCo is a joint venture in which NYNEX and Bell Atlantic participate. Global Presence In Europe, NYNEX operates the second largest cable-telephony network in the United Kingdom, a telephone network in Gibraltar, and a cellular partnership in Greece. NYNEX also publishes directories in Poland, Slovakia and the Czech Republic. In Asia, NYNEX has focused on high-growth markets in developing nations and is building and operating wireline and wireless networks through partnerships and joint ventures. In Thailand, TelecomAsia has built more than 1.5 million lines of a 2.6 million-line fiber optic network in Bangkok and offers both telecommunications and cable television services. NYNEX is partners with CP Group, which has extensive relationships in China and Southeast Asia (NYNEX has direct and indirect interests in TelecomAsia totaling 18.7%). In the Philippines, BayanTel is installing 300,000 lines in metropolitan Manila and southern Luzon (NYNEX owns a 15% interest). In Indonesia, NYNEX is a strategic operating partner in the joint venture Excelcomindo, which will bring digital cellular services to 195 million potential customers in the world's fourth most populous nation (NYNEX owns a 23% interest). The Bangkok office of NYNEX Science & Technology performs research and development projects involving networks in the Asian region. FLAG (Fiber-optic Link Around the Globe), the world's longest undersea fiber optic cable, will link high-growth markets along a 17,000-mile (23,000 kilometer) route through the China seas, Indian Ocean and the Mediterranean. FLAG will have 12 landing points in Egypt, China, Hong Kong, India, Italy, Japan, Korea, Malaysia, Spain, Thailand, the United Arab Emirates and the United Kingdom (NYNEX is managing sponsor and owns a 39% interest). Long Distance NYNEX has filed with the FCC to offer international long distance service. NYNEX expects to offer long distance service outside its region by mid-summer and expects to receive approval for in-region service in New York by the end of the year. Entertainment TELE-TV acquires and develops content and the necessary technological systems to support its owners' video services organizations (NYNEX owns a 33% interest). TELE-TV is a joint venture in which NYNEX and Bell Atlantic participate. Bell Atlantic and NYNEX have made a joint investment in CAI Wireless (a wireless cable company) to speed delivery of video entertainment and information services in the northeast and mid-Atlantic states. Under the terms of the transaction, NYNEX has the right to use the distribution systems of CAI to begin offering digital video programming to customers. NYNEX CableComms, one of the world's first companies to provide cable television and telecommunications services over the same network, has 2.7 million franchise homes and more than 200,000 subscribers to both cable TV and telecommunications services in the United Kingdom. NYNEX Operating Groups NYNEX ASIA COMMUNICATIONS Arthur J. Troy, President NYNEX Asia Communications concentrates NYNEX business units, partnerships and alliances in Asia. NYNEX is a major communications provider in Asia with joint ventures in Thailand, Indonesia and the Philippines, as well as under Asian seas. NYNEX ASSET MANAGEMENT COMPANY William F. Heitmann, President NYNEX Asset Management Company manages the corporation's defined benefit and defined contribution plans. NYNEX CABLECOMMS GROUP John F. Killian, President and CEO NYNEX CableComms, the second largest cable TV and telecommunications operator in the United Kingdom, now passes 1.2 million of 2.7 million homes in 16 franchise areas. In June 1995, NYNEX completed an initial public offering of CableComms stock. NYNEX CREDIT COMPANY Richard E. Lucey, President NYNEX Credit Company is primarily engaged in the business of financing transportation, industrial, and commercial equipment and facilities to a broad range of companies through tax-oriented leasing transactions unrelated to NYNEX's other businesses. NYNEX ENTERTAINMENT & INFORMATION SERVICES COMPANY (NEIS) NEIS is charged with speeding the delivery of interactive entertainment programming and information to NYNEX customers in the Northeast and selected markets around the world. NYNEX GLOBAL SYSTEMS COMPANY Daniel C. Petri, President NYNEX Global Systems Company provides wireline and wirefree network services outside the United States. NYNEX INFORMATION RESOURCES COMPANY Matthew J. Stover, President and CEO NYNEX Information Resources Company is a leading provider of shopping and marketing information services, including more than 300 yellow pages and white pages directories in the United States, the Czech Republic, Slovakia, Poland and Gibraltar. NYNEX SCIENCE & TECHNOLOGY Casimir S. Skrzypczak, President NYNEX Science & Technology was established in 1985 and operates research and development labs in New York and Thailand. Drawing on the expertise of top researchers from around the world, Science & Technology provides technical direction for developing new services, improving current products and services, and increasing operational efficiencies. NYNEX TRADE FINANCE COMPANY Richard W. Frankenheimer, President NYNEX Trade Finance Company evaluates and obtains non-recourse and trade-related financing for NYNEX projects, evaluates and manages foreign currency risk, and arranges the repatriation of profits from foreign operations. Corporate Headquaters NYNEX CORPORATION 1095 Avenue of the Americas New York, NY 10036 1-212-395-2121 Share Owner Information Share owners take notice. This guide should give you all the info you need to stay on top of what's going on. Current Stock Information 1996 Annual Meeting Share Owner Services Inquiries General Information Governmental Relations Independent Accountants Stock Exchange Listings CURRENT STOCK INFORMATION Here's the New York Stock Exchange reading for NYNEX as provided by the Infoseek Guide Stock Server. return to shareowner info list 1996 ANNUAL MEETING NYNEX held its annual meeting on May 1, 1996, at 10:30 a.m. at the John Hancock Hall, Boston, Massachusetts. return to shareowner info list SHARE OWNER SERVICES Let NYNEX Share Owner Services help with your account needs: Dividend Reinvestment and Stock Purchase Plan (DRISPP): Provides you with a convenient way to increase your stock holdings at a minimal cost. Direct Deposit of Dividends: Deposit your dividends via electronic funds transfer to a designated account at your bank or financial institution. Odd-Lot Sales Program: Provides share owners owning less than 100 shares with a convenient way to sell their NYNEX stock at a reasonable cost. return to shareowner info list INQUIRIES Inquiries on these stock-related matters, dividend payments, stock transfers, and requests for Form 10-K reports for NYNEX and its telephone subsidiaries should be directed to NYNEX's transfer agent and registrar, The First National Bank of Boston: NYNEX Corporation c/o Bank of Boston P.O. Box 9175 Boston, MA 02205-9175 Or Call: Toll free 1-800-358-1133 From outside the continental United States call collect on 1-617-575-2407. Hearing-impaired share owners with access to a Telecommunications Device for the Deaf (TDD) may dial 1-800-368-0328 toll-free for account information. return to shareowner info list GENERAL INFORMATION If you have questions or comments regarding NYNEX, or would like to receive the NYNEX 1995 Profile and Statistics or additional copies of the Annual Report in print or on audiocassette, direct your requests to: NYNEX Corporation Share Owner Communications 19th Floor 1095 Avenue of the Americas New York, NY 10036 return to shareowner info list INVESTOR RELATIONS Institutional investors, financial analysts and portfolio managers should direct questions to: Allen F. Pattee Corporate Director Investor Relations NYNEX Corporation 1095 Avenue of the Americas New York, NY 10036 1-212-730-6350 return to shareowner info list GOVERNMENTAL RELATIONS NYNEX GOVERNMENT AFFAIRS Suite 400 West 1300 I Street, N.W. Washington, DC 20005 1-202-336-7900 return to shareowner info list INDEPENDENT ACCOUNTANTS Coopers & Lybrand L.L.P. 1301 Ave. of the Americas New York, NY 10019 return to shareowner info list STOCK EXCHANGE LISTINGS Ticker Symbol: NYN Boston Stock Exchange Chicago Stock Exchange New York Stock Exchange Pacific Stock Exchange Philadelphia Stock Exchange Amsterdam Stock Exchange Basel Stock Exchange Geneva Stock Exchange The International Stock Exchange, London Zurich Stock Exchange return to shareowner info list Equal Opportunity Employer NYNEX is fully committed to equal employment opportunity for all employees and applicants for employment. We have a duty to ensure that there is no unlawful discrimination in recruitment, hiring, termination, promotions, salary treatment or any other condition of employment or career development, and that there is no harassment of any employee on the basis of race, color, religion, national origin, sex, age, marital status, sexual preference or orientation, disability, or status as a special disabled veteran or veteran of the Vietnam era. Executives | News | Philanthropy | Investor | Report