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: October 19, 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
BellSouth Corporation (BellSouth) reported net income of $558.5
million in the third quarter due to continued growth in its core
telephone operations and cellular business.
Earnings per share, adjusted for a recent 2-for-1 stock split,
were 56 cents, compared with 50 cents in the third quarter of
1994. Net income of $558.5 million was up from $499.5 million in
the same quarter a year ago. Revenues of $4.43 billion increased
5.6 percent. Cash operating expenses in BellSouth's telephone
operations were down slightly compared with the three months
ended September 30, 1994.
Second phone lines in the home contributed to the company's 4.7
percent annual growth rate in access lines during the third
quarter. BellSouth markets additional lines to meet customer
demand for fax machines, access to the Internet and on-line
computer services, work-at-home needs and children's phones.
Over the past year, additional lines have accounted for 42
percent of BellSouth's growth in residential access lines. Extra
lines now total nearly 1.2 million. BellSouth reported
20,923,600 total access lines at September 30, 1995.
BellSouth's domestic and international cellular businesses
continued their expansion in the third quarter. In the U.S.,
mobile phone customers totaled 2,544,500 at September 30, up 32
percent from a year earlier. International cellular customers
reached 549,900, an annual growth rate of 78 percent.
During the third quarter, BellSouth announced an agreement to
sell its paging assets for $945 million in cash. The deal had no
effect on BellSouth's third quarter results, however, because it
is not expected to close until early 1996. BellSouth plans to
continue to offer its customers paging services through reseller
agreements.
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.
BELLSOUTH CORPORATION
By: /s/RONALD M. DYKES
Ronald M. Dykes
Vice President, Chief Financial Officer
and Comptroller
October 25, 1995
