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: April 5, 1994
SOUTHWESTERN BELL CORPORATION
A Delaware Corporation
Commission File No. 1-8610
IRS Employer No. 43-1301883
175 E. Houston, San Antonio, Texas 78205
Telephone Number (210) 821-4105
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Item 5. Other Events
On Tuesday, April 5, 1994, Southwestern Bell Corporation
(SBC) announced it has terminated plans to form a cable
partnership with Cox Cable Communications (Cox) in the United
States. SBC said it took the action because of the likely impact
of increasingly stringent government regulation on the cable
industry's cash flow characteristics.
SBC and Cox announced on December 7, 1993 that they had
signed a memorandum of understanding to form a $4.9 billion cable
partnership. Under that memorandum, SBC was to commit
$1.6 billion in capital to the partnership and Cox was to
contribute 21 cable systems. The companies had been negotiating
definitive agreements since the December 7, announcement.
SBC expects to continue its cable partnership with Cox in
the United Kingdom.
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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.
SOUTHWESTERN BELL CORPORATION
/s/ Donald E. Kiernan
Senior Vice President,
Treasurer and Chief Financial
Officer
April 6, 1994
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