May 28, 1996

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

NYNEX Executive Walt Rickard To Retire

NEW YORK -- NYNEX announced today that Walt Rickard, President and Chief Executive Officer of NYNEX Entertainment and Information Services Group (NEIS), plans to retire later this year after 30 years with the company and its subsidiaries.

Rickard has served as President and Chief Executive Officer of NEIS since its inception in May of 1994. During that time, Rickard has been instrumental in forging the company's video and information services strategy.

"Walt's unique combination of marketing and technical knowledge has been a great asset in positioning NYNEX to successfully enter the video services marketplace," said Ivan G. Seidenberg, NYNEX Chairman and Chief Executive Officer. "In just two short years, Walt took his organization from concept to reality. All of us at NYNEX will miss his boundless energy and contagious enthusiasm for everything he does," said Seidenberg.

Rickard began his career with Sperry Gyroscope in 1962. In 1965, he accepted a position designing aircraft computer systems at Grumman Aircraft.

He joined Bell Laboratories in 1966 as a member of the technical staff and held positions of increasing responsibility at AT&T and NYNEX. Rickard was appointed vice president - Marketing at NYNEX Business Information Systems Company in April 1986.

In January 1987, he was appointed vice president - Marketing and Technology at New York Telephone. He was the first company executive to have responsibility for both the marketing and technology functions. In May 1992, he was named vice president - Telecommunications Planning and Business Development for the NYNEX Telecommunications Group.

Rickard is a member of the St. John's University Council and has received the Founders Day Award from New York University and the President's Medal from St. John's University. He is the past chairman and chief executive officer of the New York Board of Trade. He is a member of TAU BETA PI, the National Engineering Honor Society and ETA KAPPA NU, the National Electrical Engineering Honor Society.

Rickard and his wife, Lynn, and their three children live in Edison, New Jersey.

NYNEX is a global communications and media company that provides a full range of services in the northeastern United States and high-growth markets around the world, including the United Kingdom, Thailand, Gibraltar, Greece, Indonesia, the Philippines, Poland, Slovakia and the Czech Republic.

The Corporation is a leader in the telecommunications, wireless communications, cable television, directory publishing and entertainment and information services.

FAX copies of recent NYNEX news releases are available free of charge, 24 hours a day. Call 1-800-331-1214 and an automated system will provide instructions.

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