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JONES INTERCABLE INC. AND JONES SPACELINK LTD. ANNOUNCE ACQUISITION TALKS

 ENGLEWOOD, Colo., Nov. 12 /PRNewswire/ -- Jones Intercable Inc. (NASDAQ: JOIN, JOINA) and Jones Spacelink Ltd. (NASDAQ: SPLKA) announced today that negotiations have commenced in connection with a possible acquisition of Jones Spacelink Ltd. by Jones Intercable Inc. No agreement has been reached between the companies and no details of these preliminary negotiations have been announced.
 A spokesperson for the companies indicated that a combination of the two entities, both of which are controlled by Glenn R. Jones, chairman of the board and chief executive officer of both companies, would result, among other things, in consolidating the cable television assets held by the companies, which makes sense operationally and financially in the changing telecommunications market of today.
 "Preliminary negotiations have been begun, but definitive terms and the structure of such a possible transaction have not been agreed upon at this time," said James W. Carlson, vice president/Corporate Communications of Jones Intercable Inc.
 Jones Intercable Inc. is one of the largest cable television operators in the United States. It owns or manages cable operations in over 20 states and three countries. Jones Spacelink and its consolidated subsidiaries are also primarily in the cable television business.
 -0- 11/12/93
 /CONTACT: James W. Carlson, VP-Corporate Communications, 303-792-3111/
 (JOIN JOINA SPLKA)


CO: Jones Intercable Inc.; Jones Spacelink Ltd. ST: Colorado IN: TLS SU:

EH -- LA012 -- 3561 11/12/93 09:48 EST
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Publication:PR Newswire
Date:Nov 12, 1993
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