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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C., 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
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Date of Report (Date of
Earliest event reported): November 13, 1998
OPTEL, INC.
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(Exact name of registrant as specified in its charter)
Delaware 90-4495524
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(State or other jurisdiction (I.R.S. Employer Identification
of incorporation or organization) number)
333-24891
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(Commission File Number)
1111 West Mockingbird Lane, Suite 1000, Dallas, Texas 75247
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (214) 634-3000
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ITEM 5: OTHER MATERIALLY IMPORTANT EVENTS
On November 13, 1998, the Registrant issued the press release attached
hereto as Exhibit "A" announcing the extension until November 18, 1998 of
Registrant's offer to exchange Registrant's 11.5% Senior Notes due 2008, Series
B for any and all outstanding 11.5% Senior Notes due 2008.
ITEM 7. EXHIBITS
Press Release, dated November 13, 1998.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
Date: November 20, 1998
OpTel, Inc.
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(Registrant)
By:/s/ MICHAEL E. KATZENSTEIN
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Name: Michael E. Katzenstein
Title: Vice President, Legal Affairs,
General Counsel and
Secretary
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EXHIBIT INDEX
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Exhibit
No. Description Page No.
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99 Press Release dated November 13, 1998
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EXHIBIT 99
[OPTEL LOGO]
OPTEL, INC. EXTENDS EXCHANGE OFFER FOR SENIOR NOTES
Dallas, Texas, November 13, 1998, -- OpTel, Inc. announced today that the offer
to exchange its 11.5% senior Notes due 2008, Series B, for any and all
outstanding 11.5% Senior Notes due 2008 has been extended and will expire at
5:00 p.m., New York City Time, on November 18, 1998. As of November 13, 1998
approximately $135,500,000 principal amount of Senior Notes has been tendered
pursuant to the exchange offer out of $200,000,000 principal amount of Senior
Notes outstanding.
OpTel is a leading network based provider of integrated communications
services, including local and long distance telephone and cable television
services, to residents of multiple dwelling units in the United States. The
Company currently provides cable television and telecommunications services in
several metropolitan areas including Los Angeles, San Diego, San Francisco,
Phoenix, Denver, Houston, Dallas-Fort Worth, Austin, Chicago, Indianapolis,
Atlanta, Miami-Ft. Lauderdale, Tampa, and Orlando. OpTel is majority owned by
Le Groupe Videotron Ltee ("GVL"), owner of the second largest cable television
operator in Canada.
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For further information, please contact:
Andy Jent
Treasurer
214-879-8257
