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DUFF & PHELPS ADDS TELE-COMMUNICATIONS, INC. TO RATING WATCH-UP

 CHICAGO, Oct. 13 /PRNewswire/ -- Duff & Phelps Credit Rating Co. has placed the debt of Tele-Communications, Inc. on its Rating Watch-Up following its proposed acquisition by Bell Atlantic (NYSE: BEL). About $4.3 billion of outstanding public debt is affected by the rating action.
 Bell Atlantic has signed a letter of intent to acquire Tele-Communications for stock in a transaction valuing TCI at about $16 billion. While the acquisition appears to offer significant operational and technological synergies, other financial details of the transaction are not yet available. Given Bell Atlantic's exceptionally strong cash flow, the combination offers to improve TCI's credit quality to the degree that Bell Atlantic assumes or guarantees TCI's current debt. A final rating determination will be contingent on a definitive agreement, as well as both shareholder and regulatory approvals.
 -0- 10/13/93
 /CONTACT: Matthew D. Robbins, CFA of Duff & Phelps Credit Rating Co., 312-368-3120/
 (BEL)


CO: Tele-Communications, Inc. ST: Illinois IN: TLS SU: RTG

TM -- NY099 -- 1835 10/13/93 16:11 EDT
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Publication:PR Newswire
Date:Oct 13, 1993
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