$2bn Stock Repurchase Program

RNS Number:0087Y
Bellsouth Corp
1 July 2002

For Immediate Release

July 1, 2002



For More Information Contact:

Jeff Battcher                   Greg   Peterson
BellSouth Media Relations       BellSouth  Investor Relations [phone]    [phone]


                BellSouth Announces $2 Billion Stock Repurchase


July 1, 2002, Atlanta - BellSouth Corporation (NYSE:BLS) announced today it
would repurchase up to two billion dollars of its outstanding common stock over
the next 18 months.



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About BellSouth Corporation



BellSouth Corporation is a Fortune 100 communications services company
headquartered in Atlanta, GA, serving nearly 45 million customers in the United
States and 14 other countries.



Consistently recognized for customer satisfaction, BellSouth provides a full
array of broadband data and e-commerce solutions to business customers,
including Web hosting and other Internet services.  In the residential market,
BellSouth offers DSL high-speed Internet access, advanced voice features and
other services.  BellSouth also provides online and directory advertising
services, including BellSouth(R) Real PagesSM.com.



BellSouth owns 40 percent of Cingular Wireless, the nation's second largest
wireless company, which provides innovative wireless data and voice services.



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