Bellsouth Corp
11 October 2000
FOR MORE INFORMATION, CONTACT:
Pattie Kushner
BellSouth Corporation
(404) 249-2365
Jeff Battcher
BellSouth Corporation
(404) 713-0274
BellSouth Sets Date for Special Shareholder Meeting
BellSouth Files Definitive Proxy Materials for its Tracking Stock Proposal
with the Securities and Exchange Commission
ATLANTA - Wednesday, Oct. 11 - BellSouth today announced that its Board of
Directors has set Tuesday, December 5 for a special meeting of BellSouth
shareholders. At the meeting, BellSouth shareholders will vote on amendments to
BellSouth's charter that will allow the creation of the BellSouth Latin America
group tracking stock, which is intended to reflect or to 'track' the separate
performance of BellSouth's operations in Latin America.
BellSouth shareholders of record on October 17 will be eligible to vote at the
special meeting. The special meeting will take place at the Cobb Galleria
Centre, 2 Galleria Parkway, Atlanta, GA beginning at 9:00 a.m. local time.
The company also filed its definitive proxy statement with the SEC. The company
expects to begin mailing its proxy statement and voting materials to
shareholders later this week. Shareholders will receive the definitive proxy
statement for free in connection with the solicitation of proxies for the
special meeting. Shareholders should carefully review the definitive proxy
statement because it contains important information. Shareholders can also
obtain the definitive proxy statement for free at the SEC's Internet Web site at
http://www.sec.gov.
BellSouth is a communications company serving more than 40 million customers
in 17 countries. It provides local and long distance wireline and wireless
telecommunications, advertising and directory publishing services and products
and video entertainment services. Its services also include digital and data
services, web design and hosting, Internet access, e-commerce and other services
to residences and businesses and institutions of all sizes.
BellSouth and certain other persons referred to below may be deemed to be
participants in the solicitation of proxies of BellSouth's shareholders to adopt
the proposals set forth in the definitive proxy statement. The participants in
this solicitation may include the directors and executive officers of BellSouth,
who may have an interest in the transaction including as a result of holding
shares or options of BellSouth common stock. A detailed list of the names and
interests of BellSouth's directors and executive officers is contained in
BellSouth's proxy statement for its 2000 annual meeting and its Form 10-K for
the fiscal year ended December 31, 1999, respectively, both of which may be
obtained without charge at the SEC's Internet Web site at http://www.sec.gov.
NOTES:
On or after October 11, 2000, shareholders also can review BellSouth's
Definitive Proxy Statement that has been filed with the SEC by visiting
BellSouth's Investor Relations Web site at www.bellsouth.com/investor.
Shareholders may direct questions about the tracking stock proposal, to (800)
969-2372.
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