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SPRINT ACQUIRES REMAINING INTEREST IN BRITISH JOINT VENTURE; ANNOUNCES FRAME RELAY NETWORK CONTRACTS WORTH $8 MILLION

 WASHINGTON, Nov. 24 ~PRNewswire~ -- Sprint (NYSE: FON) today announced that it has acquired the remaining 51 percent interest in Plessey Telenet Ltd. from GEC-Siemens, its partner in the United Kingdom-based joint venture. Terms of the buy-out were not disclosed.
 Plessey-Telenet will be incorporated into Sprint's organization, which will continue to provide and support Sprint network systems solutions. Sprint also announced contracts worth $8 million that make it the leading frame relay network provider in the U.K.
 Plessey Telenet Ltd. has provided Sprint's packet-switched data network products and services in the U.K. since 1987 and in Holland through its subsidiary, Plessey Telenet B.V. Today, it is the X.25 packet switch market leader in the U.K., cited as having a 27.1 percent share by revenue in a 1992 survey by Dataquest, the Dun & Bradstreet market intelligence company for the high technology~electronics industry. Sprint will continue to serve Plessey-Telenet's wide customer base which includes major banks, government organizations and multinational corporations.
 "By becoming the sole owner of Plessey Telenet Ltd., Sprint further solidifies its presence in the U.K. telecommunications market and fortifies its commitment to its customers in Northern Europe," said Vincent Gargaro, chief executive of Sprint Northern Europe, Sprint's umbrella organization in the region.
 Sprint today also announced more than $8 million in frame relay data network contracts from British Gas Plc. and Severn Trent Water Ltd. Frame relay is a packet-based technology that allows data and image applications to be efficiently transported over a high-speed backbone. Frame relay is fast emerging as the most effective method for LAN-to-LAN interconnection and SNA transport environments.
 British Gas Plc., based at Rivermill House-London, supplies gas to more than 17.5 million homes in the U.K. and last year provided 47 percent of that country's total energy requirements.
 The utility is decentralizing its operations, from 12 major regions into 91 smaller, more regionally focused operations, as part of a post-privatization restructuring.
 The Sprint frame relay network will support the more widespread organization by relaying data and telemetry traffic between its 35 major Local Area Networks (LANs) located throughout the U.K. The network will further provide clear channel (non-frame relay) support of voice and video traffic.
 For Severn Trent Water Ltd., one of the world's largest water and waste management companies, Sprint will design and supply an integrated voice and data wide area communications network linking 26 operational sites within the Severn Trent region in the central U.K. frame relay transmission will enable Severn Trent to serve both its SNA communications and LAN-to-LAN communications with the same network infrastructure.
 Sprint had earlier announced data network contracts with other major northern European organizations including National Westminster, the Dutch Railways and Dutch Police.
 Sprint is a diversified international telecommunications company with $9 billion in annual revenues and the United States' only nationwide all-digital, fiber-optic network. Its divisions provide global long distance voice, data and video products and services, and local telephone services to more than 4 million subscriber lines in 17 states.
 -0- 11~24~92
 ~CONTACT: Janis Langley, 202-828-7427, or after hours, 703-533-3322 or Evette Fulton, 202-828-7411, or after hours, 301-230-0978, both of Sprint~
 (FON)


CO: Sprint; Plessey Telenet Ltd.; Severn Trent Water Ltd. ST: District of Columbia IN: TLS SU: JVN

IH -- DC007 -- 1036 11~24~92 11:48 EST
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Date:Nov 24, 1992
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