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 (Date of earliest event reported): May 26, 1999
PRODIGY COMMUNICATIONS CORPORATION
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(Exact name of registrant as specified in its charter)
DELAWARE
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(State or other jurisdiction of incorporation)
000-25333 04-3323363
__________________________ _________________________________
(Commission File Number) (IRS Employer Identification No.)
44 SOUTH BROADWAY, WHITE PLAINS, NY 10601
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(Address of principal executive offices) (Zip code)
(Registrant's telephone number, including area code): (914) 448-8000
NA
_______________________________________________________________
(Former name or former address, if changed since last report)
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ITEM 5. OTHER EVENTS.
On May 26, 1999, Prodigy Communications Corporation entered into a
definitive agreement to acquire Cable & Wireless USA's consumer, business and
Campus dial-up subscribers. The closing of the transaction is subject to
certain customary closing conditions and regulatory approvals. Prodigy
expects to pay Cable & Wireless USA between $50 and $75 million in a cash
transaction with the final amount being determined by the number of Cable &
Wireless customers who transition to Prodigy's service.
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.
Date: June 2, 1999 PRODIGY COMMUNICATIONS CORPORATION
(Registrant)
By: /s/Andrea S. Hirsch /s/
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Andrea S. Hirsch
Executive Vice President and General
Counsel
