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IDB COMMUNICATIONS ACCELERATES STOCK SPLIT & DIVIDEND PAYMENT DATE

 LOS ANGELES, Jan. 12 /PRNewswire/ -- IDB Communications Group Inc. (NASDAQ: IDBX) today announced that is has accelerated the payment date for its 5-percent common stock dividend and three-for-one stock split. As previously announced, the two events will be combined as a 3.15-to-one common stock split in the form of a stock dividend. As revised, shareholders of the company at the close of business on Jan. 21, 1994, will now receive a stock certificate representing the additional shares on or about Feb. 4, 1994. Any shareholder contemplating a sale between the record date and the payment date should consult his or her broker as to his or her entitlement to the split and dividend shares.
 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 1/12/94
 /CONTACT: Rudy Wann, vice president and chief financial officer of IDB, 213-240-3805; or Doug Sherk or Scott Smith or Miriam Adler, 415-296-7383, or Sue Rodney, 212-850-5600, all of Morgen-Walke Associates for IDB/
 (IDBX)


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

LW-TM -- SF002 -- 1232 01/12/94 06:30 EST
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Publication:PR Newswire
Date:Jan 12, 1994
Words:223
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