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SECURITIES AND EXCHANGE COMMISSION
8-K
CURRENT REPORT
Pursuant to Section 13 or 15 (d) of the
Securities Exchange Act of 1934
Date of Report
(Date of earliest event reported) March 3, 1997
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TELEPORT COMMUNICATIONS GROUP INC.
(Exact Name of Registrant as specified in its Charter)
Delaware 0-20913 13-3173139
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(State or Other jurisdiction of (Commission (IRS Employer of
Incorporation) File Number) Identification No.)
One Teleport Drive, Staten Island, New York 10311
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number including area code (718) 355-2000
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ITEM 5. OTHER
THE REGISTRANT ISSUED THE FOLLOWING PRESS RELEASE ON MARCH 3, 1997
TELEPORT COMMUNICATIONS GROUP CONTEMPLATES SECOND
QUARTER FINANCING OF DEBT AND CLASS A COMMON STOCK
FOR IMMEDIATE RELEASE
NEW YORK, NY -- Teleport Communications Group Inc. (NASDAQ "TCGI") today
announced that it is contemplating the filing with the Securities and Exchange
Commission (the "SEC") of registration statements for proposed offerings in the
second quarter of TCGI's Class A Common Stock, par value $.01, and debt
securities. TCGI has not determined the amount of securities to be offered.
Each of the offerings of the shares of TCGI's Class A Common Stock and debt
securities will be made only by means of a prospectus that will be contained in
the registration statements. The shares of Class A Common Stock and debt
securities may not be sold nor may offers to buy be accepted prior to the time
the registration statements become effective. This press release shall not
constitute an offer to sell or the solicitation of an offer to buy nor shall
there be any sale of these securities in any state in which such offer,
solicitation, or sale would be unlawful prior to registration or qualification
under the securities laws of any such state.
TCGI's plans are based on current market conditions. Any adverse changes in
market conditions or in general economic factors may cause TCGI to delay or even
abandon its plans with respect to the offerings.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has caused this report to be signed on its behalf of the undersigned,
thereunto authorized.
TELEPORT COMMUNICATIONS GROUP INC.
Dated: March 5, 1997 By: /s/ Maria Terranova-Evans
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Name: Maria Terranova-Evans
Title: Vice President and Controller
(Principal Accounting Officer)
