Exhibit 99.3
                                  PRESS RELEASE
FOR RELEASE:      IMMEDIATE

CONTACT:                   Ed Babcock, Vice President, Finance
                           (814) 274-9830


  HYPERION TELECOMMUNICATIONS, INC. AND ITS OPERATING COMPANIES ANNOUNCE FOURTH
                         QUARTER AND FISCAL YEAR RESULTS


                                          Coudersport, PA - June 24, 1998

John J. Rigas, Chairman of Adelphia Communications Corporation ("Adelphia")
(NASDAQ NNM: ADLAC) and Hyperion Telecommunications, Inc. ("Hyperion" or "the
Company") (NASDAQ NNM: HYPT) reported results of operations for Hyperion and its
Operating Companies (defined below) for the fourth quarter and fiscal year which
ended on March 31, 1998 ("Fiscal 1998").

Due to the ownership structure of its Operating Companies, Hyperion's and its
Operating Companies' operating results are presented on both a proportionate
share presentation basis (Exhibit A below) and in accordance with generally
accepted accounting principles ("GAAP") (Exhibit B below). Proportionate share
presentation reflects the collective sum of Hyperion and Hyperion's economic
interest in each of the Operating Companies it owns and manages at Hyperion's
ownership percentage as of March 31, 1998. All historical results of operations
are presented as if Hyperion's current ownership percentage as of March 31, 1998
of its Operating Companies were in place during the entire period presented.
While this presentation format is not in accordance with GAAP, management of
Hyperion believes that this format better depicts the operational progress, and
the associated economic effect on Hyperion, of the Company's results of
operations during the period. The Company will also include operating results in
accordance with GAAP in its Form 10-K, which will be filed with the SEC by June
29, 1998.

Fourth quarter results saw proportionate revenue increase 140% to $6,022,000
over the same quarter in the prior fiscal year and 22% versus the December 1997
quarter. For Fiscal 1998, proportionate revenue increased 125% to $17,498,000
over the prior year. The increase in revenues for the fourth quarter and fiscal
year resulted primarily from increases in the customer base, five new markets
becoming operational during Fiscal 1998 and the commencement of switched
services in the current fiscal year. During Fiscal 1998, the Company
successfully launched switched services in 13 of its markets, bringing the total
number of markets offering switched services to 17 at the end of Fiscal 1998.
During the March 1998 quarter, the Operating Companies sold 13,500 additional
access lines, bringing total sales to 41,500 access lines as of March 31, 1998.
(The Company counts access lines on a one for one basis, irrespective of the
number of telephone sets in use through trunks into a PBX; that is, no
multipliers are used.) Installed lines increased by 11,400 during the March 1998
quarter, bringing total installed access lines to 23,200 at March 31, 1998, 81%
of which are provisioned completely on the Company's network (on-net lines).
From April 1, 1998 through mid-June 1998, the Company installed an additional
19,000 lines, resulting in total installed lines of over 42,000 at June 18,
1998.

Fourth quarter proportionate EBITDA loss was $4,480,000 as compared to
$2,438,000 for the same quarter in the prior fiscal year and $3,721,000 in the
December 1997 quarter. Fiscal 1998 proportionate EBITDA loss was $15,285,000 as
compared to $7,737,000 for the prior fiscal year. The increase in proportionate
EBITDA loss for the fourth quarter and the fiscal year were due primarily to

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increased selling, general, and administrative expenses, which were slightly
higher than originally expected as a result of the ramp up in direct sales and
marketing distribution channels as the Company has aggressively moved to an
end-user strategy over the past year focusing on medium to large business
customers, governmental and educational end-user and other telecommunications
service providers. As of March 31, 1998, the Company had a direct sales force of
128 professionals focused on selling the Company's portfolio of service
offerings, up from approximately 35 sales professionals one year ago.

Fourth quarter proportionate net loss was $27,347,000 as compared to $12,099,000
for the same quarter in the prior fiscal year. Fiscal 1998 proportionate net
loss was $89,817,000 as compared to $34,283,000 for the prior fiscal year. The
increase in proportionate net loss for the fourth quarter and the fiscal year
was due primarily to the above mentioned increase in selling, general and
administrative expenses, increased depreciation and amortization expenses and
increased interest expense and preferred stock dividends associated with the
Company's financing activities. Also, in Fiscal 1997, the Company recognized a
one time gain of approximately $8.4 million dollars associated with the sale of
its partnership interest in a network in South Florida.

During the fourth quarter, the Company and its Operating Companies invested
$54,831,000 in capital expenditures, of which Hyperion's proportionate share was
$46,090,000. As of March 31, 1998, total gross property plant and equipment of
the Company and its Operating Companies was $441,707,000, of which Hyperion's
proportionate share is $336,473,000. As of March 31, 1998, the Operating
Companies had approximately 5,363 route miles and 249,672 fiber miles and were
connected to approximately 1,909 buildings. To date, 17 Lucent 5ESS switches or
remote switching modules have been installed to provide local telephone service
with additional 5ESS switches or remote switching modules planned for the
remaining markets throughout 1998.


On May 8, 1998, Hyperion completed an initial public offering of 12,850,000
shares of its Class A Common Stock at a price to the public of $16 per share,
which coupled with a conversion to equity of debt owed to Adelphia with a fair
market value of $54.6 million and an additional $49.9 million of cash equity
investment by Adelphia, increased the Company's equity by approximately $285
million, while raising $243 million of net cash proceeds to continue the
expansion of the Company's existing markets and to build new markets. As a
result of this offering Hyperion is a 66% owned subsidiary of Adelphia, the
seventh largest cable television operator in the United States.

Hyperion is a leading Competitive Local Exchange Carrier ("CLEC") that designs,
constructs, operates and manages state-of-the-art, fiber optic networks and
facilities. The Company operates one of the largest CLECs in the United States
based upon route miles and buildings connected. As of March 31, 1998 the Company
manages and operates 22 networks, 4 of which are under construction, through (i)
eight partnerships or limited liability companies with local partners,
encompassing nine networks, (ii) 10 wholly owned subsidiaries of the Company,
encompassing 11 networks, (iii) one corporation, encompassing one network, in
which the Company is a minority shareholder and (iv) one company, encompassing
one network, in which the Company is a majority equity holder (collectively, the
"Operating Companies").

Exhibit A that follows sets forth the proportionate share operating results for
Hyperion and its Operating Companies for the three and twelve months ended March
31, 1997 and 1998, respectively.

Exhibit B that follows sets forth the operating results in accordance with GAAP
for Hyperion and its consolidated subsidiaries for the three and twelve months
ended March 31, 1997 and 1998, respectively.