SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1)
TELEPORT COMMUNICATIONS GROUP INC.
(Name of Issuer)
CLASS A COMMON STOCK
$.01 PAR VALUE
(Title of Class of Securities)
679463 107
(CUSIP Number)
Stanley Wang
Comcast Corporation
1500 Market Street
Philadelphia, Pennsylvania 19102-2148
(215) 665-1700
(Name, Address and Telephone Number of
Person Authorized to Receive Notices
and Communications)
October 22, 1996
(Date of Event Which Requires Filing of
This Statement)
If the filing person has previously filed a statement on Schedule 13G
to report the acquisition which is the subject of this Schedule 13D, and is
filing this statement because of Rule 13d-1(b)(3) or (4), check the following
box [ ].
Comcast Corporation ("Comcast") hereby amends and supplements its
Report on Schedule 13D, originally filed on July 17, 1996 (the "Schedule
13D"), to disclose its agreement to acquire shares of Class A Common Stock,
$.01 par value per share (the "Shares"), of Teleport Communications Group Inc.
("TCGI").
Unless otherwise indicated, each capitalized term used but not
defined herein shall have the meaning assigned to such term in the Schedule
13D.
Item 2. Identity and Background.
The response set forth in Item 2 of the Schedule 13D is hereby
amended and supplemented to include the following information:
This Amendment is filed pursuant to Rule 13(d)-2(a) on behalf of
Comcast to report the agreement on October 22, 1996 by Comcast to acquire
Shares from TCGI. See Item 6.
Item 6. Contracts, Arrangements, Understandings or Relationships with
Respect to the Securities of the Issuer.
The response set forth in Item 6 of the Schedule 13D is hereby
amended and supplemented to include the following information:
On October 22, 1996, TCGI and Comcast agreed that TCGI would
purchase Comcast's 51% equity interest in their joint venture, Comcast CAP of
Philadelphia, Inc. ("Comcast CAP"), in exchange for 2,757,083 Shares of TCGI
(such exchange, the "Comcast CAP Purchase"). Consummation of the Comcast CAP
Purchase is subject to customary closing conditions.
SIGNATURES
After reasonable inquiry and to the best knowledge and belief of the
undersigned, the undersigned certifies that the information set forth in this
statement is true, complete and correct.
Date: December 23, 1996
Comcast Corporation
By: /s/ Arthur R. Block
--------------------------------
Name: Arthur R. Block
Title: Vice President
