BLS reports cash flow

Bellsouth Corp
29 July 2002




News Release




For More Information Contact:
Jeff Battcher
BellSouth Media Relations
404-713-0274


                        BellSouth reports free cash flow



July 26, 2002, Atlanta - BellSouth Corporation reported today that free cash
flow (defined as cash flow from operations less capital expenditures) totaled
$1.1 billion in the second quarter of 2002, and $2.2 billion year-to-date.
BellSouth had previously announced free cash flow of $1.4 billion and $2.4
billion for the second quarter and year-to-date periods, respectively.  The
difference is due to the company's previously announced redemption of $250
million of debentures on July 1, 2002.



About BellSouth Corporation

BellSouth Corporation is a Fortune 100 communications services company
headquartered in Atlanta, GA, serving almost 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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