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FINAL COUNT OF PROXIES SHOWS CENTEL SHAREOWNERS APPROVED MERGER WITH SPRINT CORPORATION

 CHICAGO, Dec. 17 /PRNewswire/ -- Centel Corporation (NYSE: CNT) announced today (Thursday) that the final count of proxies certified by Corporation Trust, which served as the election inspector, shows that Centel shareowners have approved the company's merger with Sprint Corporation (NYSE: FON).
 According to the final results, a total of 73,793,502 shares, or 86.2 percent of Centel's 85,592,755 outstanding shares, were voted. 43,235,168 shares, or 50.5 percent of the outstanding shares, were voted for the merger; 29,755,617 shares, or 34.8 percent, were voted no, and 684,999 shares, or less than 1 percent, were voted to abstain. Centel needed to have a majority of outstanding shares vote for the merger for it to be approved. Based on the shares cast, 58.6 percent voted for the merger; 40.3 percent voted no, and almost 1 percent abstained.
 The final results will be formally announced at Centel's reconvened shareowner meeting on Friday.
 The merger is expected to be completed early next year assuming necessary state and federal regulatory approvals are obtained.
 Chicago-based Centel Corporation, which had 1991 revenues of $1.2 billion, provides local exchange telephone service in six states through 1.6 million access lines and operates cellular communications franchises in 42 metropolitan markets and more than 50 rural service areas.
 Sprint is a diversified international telecommunications company, which had 1991 annual revenues of $8.8 billion. It has the United States' only nationwide all digital, fiber-optic long-distance network. Its divisions provide global long distance voice, data and video products and services, and local telephone service to more than 4 million customer access lines in 17 states.
 -0- 12/17/92
 /CONTACT: William K. White of Centel Corporation, 312-399-2735/
 (CNT FON)


CO: Centel Corporation, Sprint Corporation ST: Illiniois IN: TLS SU:

TM -- NY119 -- 7977 12/17/92 19:34 EST
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Publication:PR Newswire
Date:Dec 17, 1992
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