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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
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CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of report (date of earliest event reported):
June 26, 1996
EXCEL Communications, Inc.
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(Exact name of registrant as specified in its charter)
Delaware 1- 14322 75-2624939
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(State or other (Commission (I.R.S. Employer
jurisdiction of File Number) Identification No.)
incorporation)
8750 North Central Expressway
Dallas, Texas 75231
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(Address of principal executive offices, including zip code)
Registrant's telephone number, including area code (214) 863-8000
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9101 LBJ Freeway, Suite 800
Dallas, Texas 75243
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(Former name or former address, if changed since last report)
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ITEM 5. OTHER EVENTS
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See Exhibit 20.1 to this Form 8-K.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL
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INFORMATION AND EXHIBITS
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(c) Exhibit.
20.1 Press Release, dated June 26, 1996, Regarding Contract with
MCI Telecommunications Corp.
2
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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.
EXCEL COMMUNICATIONS, INC.
July 1, 1996 By: /s/ Kenny A. Troutt
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Kenny A. Troutt
President and Chief Executive Officer
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EXHIBIT INDEX
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Exhibit No. Description Page No.
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20.1 Press Release, dated June 26, 1996, regarding
Contract with MCI Telecommunications Corp.
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EXHIBIT 20.1
TO
FORM 8-K
FOR
EXCEL COMMUNICATIONS, INC.
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EXHIBIT 20.1
[LETTERHEAD OF EXCEL COMMUNICATIONS, INC. APPEARS HERE]
FOR IMMEDIATE RELEASE
EXCEL COMMUNICATIONS, INC.
ANNOUNCES CONTRACT WITH MCI
Dallas, Texas - June 26, 1996 - Excel Communications, Inc. (NYSE:ECI) today
announced that EXCEL Telecommunications, Inc., an indirect, wholly owned
subsidiary, has entered into a non-exclusive agreement with MCI
Telecommunications Corp. to provide network switching services and dedicated
access services to EXCEL's subscribers. Under the new contract, EXCEL will begin
migrating existing subscriber traffic to MCI's long distance network over the
next 120 days. The contract calls for a $5 million per month minimum commitment
over the next two years.
EXCEL has previously announced contracts for the provision of network switching
services with IXC Communications and WorldCom, Inc., as well as the termination
of its commitment to purchase 1+ traffic from Frontier.
"We are pleased to develop this new relationship with MCI, which further carries
out our strategy of diversifying our network carriers," said Kenny A. Troutt,
Chairman and Chief Executive Officer. "As a full service long distance company
with our own nationwide carrier identification code (CIC), our subscribers will
not be aware of the migration of their telephone numbers from Frontier
Corporation's network to the networks of other carriers. In fact, the Company
recently completed the successful migration of 22% of its 1+ traffic from
Frontier's network to IXC's network in the last 120 days," Troutt added.
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EXCEL Communications, Inc., with over $500 million in annual revenues for 1995,
is the fourth largest residential long distance company in the United States.
The Company offers its subscribers a variety of long distance telecommunications
services and products under the EXCEL branded name, which include residential
service, commercial service, 800 service, international service, and calling
cards. EXCEL focuses on maintaining and providing all services and
communications that involve the subscriber including activating the subscriber
at the Local Exchange Carrier ("LEC"), communicating daily with the LECs and its
carriers to monitor subscriber status and network traffic, and processing call
records daily. The Company's goal is to become a provider of a wide range of
communications products, and the Company anticipates offering nationwide paging
services to its subscribers later this year. The Company's services are marketed
nationwide exclusively through a network of independent representatives.
Media inquiries:
Sheila Durante
Public Relations Manager
(214) 863-8400
Mary Bell
Investor Relations Manager
(214) 863-8730
