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STOCK PRICE ANNOUNCED FOR INTERMEDIA COMMUNICATIONS OF FLORIDA

 STOCK PRICE ANNOUNCED FOR INTERMEDIA COMMUNICATIONS OF FLORIDA
 TAMPA, Fla., May 1 /PRNewswire/ -- Intermedia Communications of Florida, Inc. (NASDAQ-NMS: ICIX) (ICI) today announced that its initial public offering of 2,300,000 shares of common stock at a price of $8.00 was declared effective by the Securities and Exchange Commission. Net proceeds to the company from the underwritten offering, which is being managed by Bear, Stearns & Co., Inc., will approximate $17 million and will be used to expand ICI's fiber optic telephone networks.
 The ICI stock will trade in the NASDAQ National Market System under the symbol "ICIX." Shares to be sold in the offering will represent approximately 31 percent of the company's outstanding common stock, after giving effect to the offering on a fully diluted basis. None of the ICI's existing management team is selling any of the ICI stock owned by them.
 ICI is Florida's only active provider of alternative access telephone services, which link major telephone users directly to their long distance carriers. ICI has offices in Tampa, Miami and Orlando.
 A prospectus for the offering may be obtained from any Bear, Stearns & Co. Inc. office.
 -0- 5/1/92
 /CONTACT: Bob Benton, president, or Barbara Samson, vice president of corporate development of Intermedia Communications of Florida, 813-621-0011/
 (ICIX) CO: Intermedia Communications of Florida, Inc. ST: Florida IN: TLS SU: OFR


AW-JB -- FL008 -- 5451 05/01/92 12:05 EDT
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Publication:PR Newswire
Date:May 1, 1992
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