Southern New England Telecommunications Corp – ‘8-K’ for 1/27/98

As of:  Tuesday, 1/27/98   ·   For:  1/27/98   ·   Accession #:  790650-98-2   ·   File #:  1-09157

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Current Report   —   Form 8-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 8-K         Current Report                                         2±     9K 
 2: EX-20       Other Document or Statement to Security Holders        9±    25K 

8-K   —   Current Report
Document Table of Contents

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):  January 27, 1998       

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)   

- 1 -       

Item 5. Other Events.                                                           

The registrant announced today that fourth quarter net income was       
$52.3 million or $0.79 per common share for basic earnings compared with last   
year's fourth quarter net income of $44.3 million or $0.68 per common share.    

  Consolidated revenues and sales for the fourth quarter were up 7.4 percent
to $528.3 million.  Consolidated operating and maintenance expenses for the     
fourth quarter were up 5.1 percent to $314.4 million.                           

 Net income for 1997 was $193.8 million, and basic earnings per share were
$2.93 compared with last year's net income of $192.8 million or basic earnings  
per share of $2.95. The figures for 1997 include a first-quarter, extraordinary 
after-tax charge of $3.7 million or $0.06 per share resulting from the early    
redemption of debt.  Income before the extraordinary charge was $197.5 million  
or $2.99 per share.                                                             

Consolidated revenues and sales for 1997 were up 4.1 percent to $2,022.3
million.  Consolidated operating and maintenance expenses for 1997 were up 3.8  
percent to $1,192.6 million.                                                    

The news release providing the announcement 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 January 27, 1998.                      

- 2 -       

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:  January 27, 1998                 By:  /s/ Madelyn M. DeMatteo           
                                       Madelyn M. DeMatteo
                                     Secretary

- 3 -       

SOUTHERN NEW ENGLAND TELECOMMUNICATIONS CORPORATION       

FORM 8-K      

EXHIBIT INDEX       

Exhibit                                                               
Number                                                                

20   News release issued January 27, 1998.                        

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘8-K’ Filing		Date		Other Filings
Filed on / For Period End:		1/27/98		None on these Dates
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