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COMCAST CORPORATION TO PURCHASE INTEREST IN EASTERN TELELOGIC

COMCAST CORPORATION TO PURCHASE INTEREST IN EASTERN TELELOGIC
 PHILADELPHIA, July 15 /PRNewswire/ -- Comcast Corporation (NASDAQ-NMS: CMCSA, CMCSK) announced today that it has signed an agreement to purchase a 51 percent interest in Eastern TeleLogic Corporation, a fiber optic-based business telecommunications company providing competitive access telephone services to businesses and long distance carriers. The investment by Comcast requires Pennsylvania Public Utilities Commission approval.
 Brian L. Roberts, president of Comcast, stated, "We view our investment in Eastern TeleLogic as a complement to our existing Philadelphia area network of cable television and cellular telephone properties. We are enthusiastic about the prospects of developing a synergy between fiber, cable, cellular and personal communications technologies."
 Eastern TeleLogic's president, Gary Lasher said, "Comcast's involvement brings added financial strength to the company and another dimension to future growth through the ability of the Eastern TeleLogic fiber network to expand the array of services which may become available through cable and cellular."
 Eastern TeleLogic Corporation, headquartered in King of Prussia, Pa., owns and operates a fiber optic-based telecommunications network connecting to some 225 commercial office buildings throughout the greater Philadelphia area.
 Comcast Corporation is principally engaged in the development and operation of cable communications systems. The company's consolidated and affiliated operations served more than 2.8 million subscribers at Dec. 31, 1991. This included more than 823,000 subscribers representing 50 percent of the total subscribers served by Storer Communications, Inc. With the completion of its Metrophone acquisition on March 5, 1992, the company now provides cellular telephone services in the Northeast Unites States to continuous markets encompassing a population in excess of 7.3 million. In addition, Comcast is also engaged in the sale and installation of sound communications systems, owning the largest independent network of background music systems operating under the MUZAK name.
 The Class A and Class A Special Common Stock are traded in the over- the-counter market and are reported in the National Market System under the NASDAQ symbols CMSA and CMCSK, respectively.
 /delval/
 -0- 7/15/92
 /CONTACT: John R. Alchin, 215-981-7503, or Mark Coblitz, 215-981-7733, both of Comcast, or Gary Lasher, president of Eastern TeleLogic, 215-337-8899/
 (CMCS) CO: Comcast Corporation ST: Pennsylvania IN: TLS SU: TNM


MP-MJ -- PH029 -- 9659 07/15/92 15:18 EDT
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Publication:PR Newswire
Date:Jul 15, 1992
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