Bell Atlantic Corp - Share Buyback Programme

RNS Number:5174G
Bell Atlantic Corporation
1 March 2000

Contact:

John Killian          212 395 1152
Dominic Di Bucci      212 395 1924

                       BELL ATLANTIC ANNOUNCES
                    COMMON STOCK BUYBACK PROGRAM

NEW YORK - Bell Atlantic Corp. (NYSE:BEL) announced today that its board of
directors has authorized a new share buyback program through which the company
may repurchase up to 80 million shares of its common stock.

Approximately 1.55 billion shares of Bell Atlantic common stock were outstanding
as of Dec.31, 1999.

"Our strong cash flow and our financial flexibility enable us to take advantage
of a unique buying opportunity while we continue to invest aggressively in
strengthening our core business and capturing new opportunities in wireless,
data and long distance," said Bell Atlantic Chairman and CEO Ivan Seidenberg. 
"Our repurchase and investment programs both have the same purpose: to create
and deliver shareowner value."

Under the program, Bell Atlantic will repurchase shares over time in the open
market, with the amount and timing of repurchases depending on market
conditions.  The shares acquired will be held in the treasury for future
corporate use.  This program will be initiated and conducted in a manner
consistent with Bell Atlantic's use of pooling-of-interests accounting and other
terms of the pending Bell Atlantic-GTE merger.

The board also rescinded a previous authorization to repurchase from time to
time up to $1.4 billion in company shares over a two-year period that ends Sept.
30, 2000.  Approximately $310 million of that authorization remained.


END

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