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IDB COMMUNICATIONS FILES REGISTRATION STATEMENT; PACIFIC TELECOM AND TELECOLUMBUS TO SELL THEIR IDB SHARES

 LOS ANGELES, Oct. 7 /PRNewswire/ -- IDB Communications Group Inc. (NASDAQ: IDBX) filed a registration statement today for an underwritten offering of approximately 9.7 million shares of IDB common stock to be sold by two shareholders. Underwriters led by Merrill Lynch & Co., Hambrecht & Quist Inc., Smith Barney Shearson Inc. and Sutro & Co. Inc. intend to offer 8 million shares in the United States and Canada, and Merrill Lynch International Ltd., Hambrecht & Quist Inc., Smith Barney Shearson Inc. and UBS Ltd. will lead an international offering of approximately 1.7 million shares outside the United States and Canada. The selling shareholders will grant the underwriters options to purchase up to an additional one million shares to cover over-allotments.
 IDB will not receive any of the proceeds from the sale of such shares. No new company shares are being offered.
 TeleColumbus, U.S.A. Inc. has approximately 6.2 million IDB shares as a result of selling World Communications Inc. to IDB. TeleColumbus will sell its IDB shares as part of the business strategy of parent Motor-Columbus A.G., to refocus on its core power generation businesses. Pacific Telecom Inc. has 4.5 million IDB shares from IDB's recently completed acquisition of TRT Communications Inc. Pacific Telecom has announced its desire to sell its IDB shares to finance the purchase of several local telephone exchanges from US WEST.
 The offering of the shares will be made only by means of the prospectus to be included in the registration statement.
 IDB Communications Group Inc. is a global telecommunications company that operates a domestic and international communications network providing its customers with radio and television transmission services, international private line and long distance telephone services, facsimile and data connections, mobile satellite communications capabilities and the design and integration of satellite networks worldwide.
 -0- 10/7/93
 /CONTACT: Rudy Wann of IDB Communications, 213-240-3805; or Ken Dennard, 415-296-7383, or Miriam Adler, 212-850-5600, both of Morgen- Walke Associates for IDB Communications/
 (IDBX) CO: IDB Communications; TeleColumbus, U.S.A. Inc.; Pacific Telecom ST: California IN: TLS SU:


PK-TM -- SF007 -- 9573 10/07/93 06:31 EDT
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Publication:PR Newswire
Date:Oct 7, 1993
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