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 (Date of earliest event reported): June 25, 1997
SOUTHERN NEW ENGLAND TELECOMMUNICATIONS CORPORATION
(Exact name of registrant as specified in its charter)
Connecticut 1-9157 06-1157778
(State or other (Commission (I.R.S. Employer
jurisdiction of File Number) Identification No.)
incorporation)
227 Church Street, New Haven, Connecticut 06510
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (203) 771-5200
Not Applicable
(Former name or former address, if changed since last report)
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Item 5. Other events.
The Connecticut Department of Public Utility Control ("DPUC") issued
a final decision today on the registrant's proposal, filed with the DPUC
on January 24, 1997, to structure its wireline business, including The
Southern New England Telephone Company, its primary subsidiary, into
separate retail and wholesale subsidiaries.
The news release providing the registrant's response to the DPUC's
decision is filed as an exhibit hereto and is incorporated herein by
reference.
Item 7. Financial Statements, Pro forma Financial
Information and Exhibits.
Exhibit 20. News release issued June 25, 1997.
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SIGNATURES
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.
SOUTHERN NEW ENGLAND
TELECOMMUNICATIONS CORPORATION
Dated: June 25, 1997 By: /s/Madelyn M. DeMatteo
Madelyn M. DeMatteo
Secretary
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SOUTHERN NEW ENGLAND TELECOMMUNICATIONS CORPORATION
FORM 8-K
EXHIBIT INDEX
Exhibit
Number
20 News release issued June 25, 1997.
SNET logo NEWS RELEASE
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visit us at www.snet.com 227 Church Street
New Haven Connecticut 06510
June 25, 1997
For further information, please contact: Kevin Moore
(203) 771-2136
Analysts contact: Mike Bromley
(203) 771-4143
SNET RESPONDS TO DPUC DECISION ON COMPANY RESTRUCTURE
The following statement can be attributed to Daniel J.
Miglio, SNET Chairman and CEO, in response to today's DPUC
decision on SNET's proposal to restructure the company:
"Although we have obviously not had time to examine it
in detail, our initial reading of the decision suggests
mixed effects for SNET. We will be allowed to set up our
wholesale and retail operations as separate businesses,
enabling us to focus aggressively on both wholesale and
retail customers. Our retail subsidiary, newly certified as
a local exchange carrier, will have the pricing and
marketing flexibility to compete on an equal footing with other
CLECs (Certified Local Exchange Carriers) in Connecticut.
"However, balloting and the allocation of customers for
local service will cause further customer confusion and may
have a significant effect on our 1998 earnings. This
restructure will be a first anywhere, and no one can
possibly know exactly what the impact will be. Certainly,
we will see speculation on the meaning of this decision, but
it will be just that--speculation.
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"It's important to emphasize that SNET already has an
excellent competitive track record. With the advent of in-
state toll choice in Connecticut, SNET has learned how to
compete and win. We have proven ourselves to be an
innovative and effective retailer, attracting and retaining
customers by offering the best products, packages and
service in the market.
"Our next steps will be to analyze the decision in
detail and, as we always do, assess our options."
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