May 15, 1996

NYNEX CONTACT: Media Relations, (212) 395-0500

NYNEX CFO Alan Senter Resigns

NEW YORK, N.Y. -- NYNEX today announced that Alan Z. Senter, executive vice president and chief financial officer, has decided to leave the corporation June 1 to pursue other business interests.

"Al's professional eye for creating shareowner value has served NYNEX well during a time of profound change in our business," said Ivan Seidenberg, NYNEX chairman and chief executive officer. "He's done much to strengthen our financial management and our financial fundamentals, including capital structure and operating margin, and helped us produce six consecutive quarters of dynamic growth.

"We wish him the best and know he will do well in whatever opportunities he chooses to pursue."

Frederic V. Salerno, NYNEX vice chairman - Finance and Business Development, will discharge the responsibilities of the chief financial officer for NYNEX until the close of the merger with Bell Atlantic, when he will become chief financial officer of the new company.