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NEWTEL ENTERPRISES LIMITED

NEWTEL ENTERPRISES LIMITED
 ST. JOHN'S, Nfld., Oct. 1 /CNW/ - NewTel Enterprises Limited is concerned about the recent decrease in the market price of the Company's common shares and, at the request of the Toronto Stock Exchange, is issuing this press release to advise that the Company is not aware of any reason that would explain this activity.
 NewTel Enterprises Limited is a Newfoundland based investment holding company whose principal subsidiary is Newfoundland Telephone Company Limited.
 For further information: Gary E. Lane, Investor Relations Officer (709) 739-2108 or 1-800-563-2473 (in Canada)
 (NEL. NWTL.)
 -0- 10/01/92


CO: NEWTEL ENTERPRISES LIMITED IN: TLS ST: -- c0032 -- X990 10/01/92
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Publication:PR Newswire
Date:Oct 1, 1992
Words:108
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