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): August 2, 1995 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. On August 2, 1995, the registrant commented on the estimated impact of recent developments. The registrant said that it expects that the acceptance by 2,660 of its 6,400 bargaining unit employees of an "Early Out Offer" will not have a material impact on 1995 operating earnings. Most of these employees will be leaving late in 1995. The registrant took a charge in 1993 in anticipation of reducing its workforce and that charge may be adjusted in the fourth quarter of this year when the costs of the current offer are definitively known. As previously announced, the registrant completed a $456 million acquisition of cellular properties on July 1. The registrant now expects that the acquisition will dilute 1995 earnings by approximately 12 percent. The revised impact of the acquisition on 1995 results is due to the registrant's decision to accelerate a number of transition activities, and higher than anticipated fraud in the new properties. The news release providing the announcements is filed as an exhibit hereto and is incorporated herein by reference. Item 7. Financial Statements, Pro forma Financial Information and Exhibits. Ex. 20 News release issued August 2, 1995. - 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: August 3, 1995 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 August 2, 1995.