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IDB COMMUNICATIONS DECLARES 5 PERCENT COMMON STOCK DIVIDEND AND THREE-FOR-ONE COMMON STOCK SPLIT

 LOS ANGELES, Jan. 4 /PRNewswire/ -- IDB Communications Group Inc. (NASDAQ: IDBX) has announced today that its board of directors has declared a 5 percent common stock dividend and a stock split of three-for-one. The two events will be combined as a 3.15-to-one common stock split in the form of a stock dividend. Shareholders of the company at the close of business on Jan. 31, 1994, will receive a stock certificate representing the additional shares on or about Feb. 28, 1994. This is the third year in a row that IDB has declared a 5 percent stock dividend to stockholders.
 "The stock dividend is the result of our financial performance in 1993," said Jeffrey P. Sudikoff, chairman and chief executive officer of IDB. "Earnings are strong, our stock price is up and management is confident in the future of IDB. By splitting the stock, we are able to enhance the attractiveness of IDB stock and broaden investor interest."
 IDB had 22,610,000 shares of common stock outstanding on Dec. 31, 1993. Following the split, the shares outstanding will increase to approximately 71,221,000.
 IDB Communications Group Inc. is a global telecommunications company that operates a domestic and international communications network providing its customers with international private line and long distance telephone services, radio and television transmission services, facsimile and data connections, mobile satellite communications capabilities and the design and integration of satellite networks worldwide.
 -0- 1/4/94
 /CONTACT: Edward Cheramy, president of IDB, 213-240-3770; or Doug Sherk or Scott Smith, 415-296-7383, or Stephanie Ferrell, 212-850-5600, all of Morgen-Walke Associates, for IDB/
 (IDBX)


CO: IDB Communications Group Inc. ST: California IN: TLS SU: DIV

RB-TM -- SF002 -- 8715 01/04/94 06:30 EST
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Publication:PR Newswire
Date:Jan 4, 1994
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