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NYNEX ACCEPTS NY PSC CONDITIONS

NEW YORK-Nynex Corp. said it has accepted conditions that the New York State Public Service Commission placed on its approval of the company’s pending merger with Bell Atlantic Corp.

“Accepting the PSC’s proposal is the most expeditious way to bring the benefits of our merger to customers,” said Don Reed, Nynex president. “Over the past 10 days, we have carefully reviewed the PSC’s conditions and find them generally in line with conditional approvals granted by other commissions in Nynex states.”

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