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COMCAST CORPORATION ANNOUNCES OFFERING OF $496.7 MILLION 1-1/8 PERCENT DISCOUNT CONVERTIBLE SUBORDINATED DEBENTURES DUE 2007

 PHILADELPHIA, Oct. 15 /PRNewswire/ -- Comcast Corporation (NASDAQ-NMS: CMCSA, CMCSK) today announced the offering of $496.7 million of 1-1/8 percent Discount Convertible Subordinated Debentures Due 2007.
 The debentures will be sold at 55.363 percent of par and will mature on April 15, 2007.
 The debentures will bear cash interest at 1-1/8 percent per annum on the face amount until maturity or earlier redemption. The debentures may be converted into shares of Class A Special common stock at the option of the holder at any time at a conversion rate of 12.875 shares per each $1,000 principal amount at maturity. The debentures are redeemable, in whole or in part, on or after Oct. 15, 1997.
 CS First Boston and Lehman Brothers are underwriters of the debentures offering. Comcast has also granted the underwriters an over- allotment option to purchase up to an additional $74.5 million principal amount of debentures.
 Comcast will use the approximate $270 million net proceeds from the offering for working capital and general corporate purposes.
 Comcast Corporation is principally engaged in the development, management and operation of cable communications networks. The company's consolidated and affiliated operations serve approximately 2.9 million cable subscribers at June 30, 1993. The company provides cellular telephone services in the Northeast United States to market? encompassing a population in excess of 7.4 million. Comcast also has investments in cable programming, telecommunications systems, and international cable and telephony franchises.
 The Class A and Class A Special common stock are traded on NASDAQ National Market System under the symbols CMCSA and CMCSK, respectively.
 /delval/
 -0- 10/15/93
 /CONTACT: John R. Alchin, 215-981-7503, or Bill Dordelman, 215-981-7550, both of Comcast/
 (CMCS)


CO: Comcast Corporation ST: Pennsylvania IN: ENT TLS SU: OFR

MJ-MP -- PH025 -- 2881 10/15/93 15:50 EDT
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Publication:PR Newswire
Date:Oct 15, 1993
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