SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report: September 14, 1995
BELLSOUTH CORPORATION
(Exact name of registrant as specified in its charter)
Georgia 1-8607 58-1533433
(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification
incorporation) No.)
1155 Peachtree Street, N. E., Atlanta, Georgia 30309-3610
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code
(404) 249-2000
Item 5. Other Events
MobileMedia has agreed to acquire BellSouth Corporation's
paging subsidiary, MobileComm, and its two-way nationwide
narrowband personal communications services license for a
total of $945 million.
Pending regulatory approval, the sale is expected to close
in 1996. The gain on such sale, subject to adjustments
stipulated in the agreement, is estimated to be
approximately $350 million on an after-tax basis.
Based in Jackson, Miss., MobileComm is the country's third
largest paging company, providing paging and messaging
services to 1.7 million customers.
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 theundersigned thereunto duly
authorized.
BELLSOUTH CORPORATION
By: /s/RONALD M. DYKES
Ronald M. Dykes
Vice President, Chief Financial Officer
and Comptroller
September 14, 1995
