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): October 15, 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 third quarter net income for 1998 was $54.5 million, compared with $49.1 million in the third quarter of 1997. Diluted earnings per share were $.79 for the quarter versus $.74 during the same period last year. Affecting third quarter 1998 was the approximately $8 million negative impact of a 26-day strike partially offset by approximately $6 million from the change in accounting for Publishing previously announced in first quarter, 1998. Consolidated revenues and sales for the quarter were $540.3 million, up 6.0%. Consolidated operating expenses for the third quarter increased to $325.7 million, up 8.1%. 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 October 15, 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: October 15, 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 October 15, 1998.