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IDB COMMUNICATIONS COMPLETES SECONDARY OFFERING OF 1.3 MILLION SHARES OF COMMON STOCK

 LOS ANGELES, May 13 /PRNewswire/ -- IDB Communications Group Inc. (NASDAQ: IDBX) today announced the sale of 1,304,347 shares of its common stock at a price of $36.50 per share in a secondary offering. All were new shares offered by the company.
 Hambrecht & Quist Inc. and Sutro & Co. participated as the managing underwriters of the offering.
 As a result of the offering, (IDB has approximately 16.9 million shares of common stock outstanding. The company, as previously announced, plans to use the net proceeds of approximately $45 million from the sale for the reduction of long-term debt.
 IDB Communications Group Inc. operates a domestic and international communications network which provides its customers with radio and television transmission services, international private-line and public-switched long distance telephone service, facsimile and data connections and mobile satellite communications capabilities.
 -0- 5/13/93
 /CONTACT: Doug Sherk or Ken Dennard, 415-296-7383, or Miriam Adler, 212-986-5900, all of Morgen-Walke for IDB Communications/
 (IDBX)


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

TM-GT -- SF009 -- 8160 05/13/93 13:42 EDT
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Publication:PR Newswire
Date:May 13, 1993
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