BellSouth Files Shelf Registration Statement for Debt Securities
30 Juillet 2004 - 3:00PM
PR Newswire (US)
BellSouth Files Shelf Registration Statement for Debt Securities
ATLANTA, July 30 /PRNewswire-FirstCall/ -- BellSouth Corporation
(NYSE:BLS) will file a shelf registration statement today with the
Securities and Exchange Commission (SEC) related to $6.95 billion
of debt securities. The registration statement will allow the
company to offer one or more series of debt securities in amounts
and on terms to be determined. Specific terms of the securities
will be set forth in a corresponding prospectus at the time that
such securities are offered and sold. The Company expects to sell a
portion of the debt securities to fund the closing of the Cingular
acquisition of AT&T Wireless, Inc. Additional debt securities
could be sold in the coming years as business opportunities arise.
As previously disclosed in its Form 10-Q for the period ended March
31, 2004, BellSouth signed a definitive agreement to sell its
interests in Latin America resulting in those operations meeting
the criteria for reporting as discontinued operations. Under
generally accepted accounting principles, BellSouth is required to
reclassify previously reported prior period financial statements to
reflect the discontinued operations on a basis comparable to
current presentation. The SEC's regulations require BellSouth's
financial statements that were included in its 2003 Annual Report
on Form 10-K to be updated for discontinued operations in
connection with the shelf registration statement referenced above.
The updated financial statements will be filed with the SEC on a
Form 8-K today. About BellSouth Corporation and this Shelf
Registration Statement BellSouth Corporation is a Fortune 100
communications company headquartered in Atlanta, Georgia, and a
parent company of Cingular Wireless, the nation's second largest
wireless voice and data provider. Backed by award winning customer
service, BellSouth offers the most comprehensive and innovative
package of voice and data services available in the market. Through
BellSouth Answers(SM), residential and small business customers can
bundle their local and long distance service with dial up and high
speed DSL Internet access, satellite television and Cingular(R)
Wireless service. For businesses, BellSouth provides secure,
reliable local and long distance voice and data networking
solutions. BellSouth also offers online and directory advertising
through BellSouth(R) RealPages.com(SM) and The Real Yellow
Pages(R). A registration statement relating to these securities has
been filed with the Securities and Exchange Commission but has not
yet become effective. These securities may not be sold nor may
offers to buy be accepted prior to the time the registration
statement becomes effective. This communication shall not
constitute an offer to sell or the solicitation of any offer to buy
nor shall there be any sale of these securities in any state in
which such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
state. More information about BellSouth can be found at
http://www.bellsouth.com/ . DATASOURCE: BellSouth Corporation
CONTACT: LeAnn Hansen, BellSouth Media Relations, +1-404-249-2839,
or BellSouth Investor Relations, +1-800-241-3419 Web site:
http://www.bellsouth.com/ Company News On-Call:
http://www.prnewswire.com/comp/095650.html
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