United States
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: July 3, 2000
SBC COMMUNICATIONS INC.
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
<PAGE>
Item 2. Acquisition or Disposition of Assets
As provided in the shareholders agreement between SBC Communications Inc. (SBC)
and Deutsche Telekom AG, SBC has exercised its right to sell its 50% ownership
in MagyarCom to Deutsche Telekom in a transaction valued at approximately $2.2
billion, based on MATAV Rt's share price as of market close on June 30, 2000.
MagyarCom owns a majority stake in MATAV, Hungary's primary full-service
telecommunications operator. The transaction was announced on July 3, 2000 and
is expected to close by the end of the month.
<PAGE>
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.
SBC Communications Inc.
/s/ Robert Pickering
--------------------------
Robert Pickering
Senior Vice President-
Finance (Corporate)
July 7, 2000
