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NORTHERN TELECOM DECLARES PREFERRED DIVIDENDS

 TORONTO, June 25 /PRNewswire/ -- The board of directors of Northern Telecom (NYSE: NT) today declared a dividend on the Class A preferred shares Series 3 in an amount equal to the product of C$25 and 17.5 percent of the prescribed average prime rate in effect on each day of the second quarter. The dividend is payable in Canadian funds on July 26, 1993 to shareholders of record at the close of business on July 8, 1993.
 The board also declared a dividend on the Class A preferred shares Series 4 in the amount of C$1,567.81 per share, payable on July 14, 1993, to shareholders of record at the close of business on July 13, 1993.
 The board declared a second dividend on the Class A preferred shares Series 4. The amount will be determined in accordance with the terms and conditions attached to such shares, and will be payable on August 11, 1993 to shareholders of record at the close of business on August 10, 1993.
 Northern Telecom is a leading global supplier of fully digital telecommunications switching systems, providing products and services to telephone operating companies, corporations, governments, universities and other institutions worldwide. Northern Telecom has 58,000 employees and had 1992 revenues of US$8.41 billion.
 -0- 6/25/93
 /CONTACT: Tom Tropea or Gary Brandt of Northern Telecom Limited, 416-566-3178 or 416-566-3098/
 (NT)


CO: Northern Telecom Limited ST: Ontario IN: TLS SU: DIV

WB-MG -- NY028 -- 5727 06/25/93 12:27 EDT
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Publication:PR Newswire
Date:Jun 25, 1993
Words:251
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